Student loan servicer transfer led to 'millions of consumer credit reporting errors': Lawmakers [MSNBC.com]
Nelnet, Inc. (NNI)
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Source: MSNBC.com
A “faulty”transferstudent loanNelnet to MohelaThe change in loan servicers caused nearly 2 million duplicate student loan records to appear on borrowers’ credit reports, while hundreds of thousands of borrowers’ credit scores were reported incorrectly for up to a year and a half, according to the letter. Sen. Elizabeth Warren, D-Mass., Ron Wyden, D-Oregon, and other lawmakers sent the letter on Wednesday evening toConsumer Financial Protection BureauAs part of their investigation, the lawmakers sent inquiries to Nelnet, Mohela and three credit reporting companies: Equifax, Experian and Transunion. They asked the companies about what had gone wrong and how many borrowers were impacted.In their letter, the lawmakers urged the government agencies to investigate the problems.“We respectfully request that the CFPB and ED use their supervisory and enforcement authority to ensure that the appropriate parties are held accountable for these errors,” the lawmakers wrote.Mohela appears to have f
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- Those who invested in Nelnet (NYSE:NNI) five years ago are up 92% [Yahoo! Finance]Yahoo! Finance
- Student loan servicer transfer led to ‘millions of consumer credit reporting errors': Lawmakers [CNBC]CNBC
- Nelnet, Inc. (NYSE: NNI) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Nelnet and Edge Focus Deepen Partnership [Yahoo! Finance]Yahoo! Finance
- Nelnet and Edge Focus Deepen PartnershipBusiness Wire
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