Monday, May 21, 2007

New Sallie Mae owners in responsible lending vow

(Reuters) - Last month, Sallie Mae reached a settlement with New York's
attorney general amid a widening scandal in the $85
billion-a-year student loan business.




Private equity firm J.C. Flowers & Co. and its partners in
the acquisition of Sallie Mae said the plans would be
implemented to enhance accountability and transparency when
their transaction is completed in late 2007.


Read more at Reuters.com Government Filings News

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