September 17, 2012
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.
January 12, 2012
A Washington federal judge refused to approve a $24.2 million preliminary class settlement Tuesday in a suit accusing Sallie Mae Inc. of autodialing borrowers' cellphones, questioning whether the deal could require borrowers to give the company their landline numbers.