ILC freeze breaks with federal approvals for Square, Nelnet
In signing off on deposit insurance for the payments giant and student loan servicer, the FDIC sanctioned the first new industrial loan companies in over a decade. ... Read full article
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Two servicers poised to break up student-lending oligopoly
Four lenders, led by Sallie Mae, have long dominated the market for private student loans. But they could soon face new competition from Navient and Nelnet. ... Read full article