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Article: SALLIE MAE INVESTIGATES CLAIMS OF IMPROPER LOAN SERVICING AT RECENTLY ACQUIRED ULS, PUTS SENIOR ULS MANAGERS ON ADMINISTRATIVE LEAVE
- Article from:
- PR Newswire
- Article date:
- December 12, 1991
CopyrightCOPYRIGHT 1991 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SALLIE MAE INVESTIGATES CLAIMS OF IMPROPER LOAN SERVICING AT RECENTLY
ACQUIRED ULS, PUTS SENIOR ULS MANAGERS ON ADMINISTRATIVE LEAVE
WASHINGTON, Dec. 12 /PRNewswire/ -- The Student Loan Marketing Association (Sallie Mae) (NYSE: SLM) today said it is investigating servicing irregularities at University Loan Services Inc. (ULS), a student loan servicing firm located in Cambridge, Mass., acquired by Sallie Mae 14 months ago. The corporation said it has notified both the Department of Education and the Massachusetts Higher Education Assistance Corp. (MHEAC), as well as other loan guarantors, of the inquiry. In addition, Sallie Mae said that it has placed six members ...