Sallie Mae To Pay $24M To Settle TCPA Suit Over Debt Calls

Law360, New York (September 17, 2012, 6:44 PM EDT) -- A Washington federal judge on Monday approved a $24 million settlement between SLM Corp., the parent company of Sallie Mae Inc., and a class of borrowers who alleged the student loan company autodialed their cellphones in violation of the Telephone Consumer Protection Act.

U.S. District Judge James L. Robart signed off on the $24.15 million settlement, which will be distributed to a certified class of up to 8 million borrowers who alleged SLM willfully and knowingly made nonemergency automated calls or sent automated text messages to...
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