Lawmakers weigh in on student-loan giant Nelnet’s battle with California [MarketWatch]
Nelnet, Inc. (NNI)
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Source: MarketWatch
Lawmakers weigh in on student-loan giant Nelnet’s battle with California A battle between one of the nation’s largest student-loan companies and the state of California has caught the eye national lawmakers. A group of Democratic senators and members of Congress representing the state sent a letter this week to Jeffrey Noordhoek, the chief executive officer of Nelnet NNI, +0.64% one of two publicly traded student servicers, asking him to reconsider the company’s position that a new California law aimed at regulating student-loan companies doesn’t apply to a subsidiary of his firm. “We are deeply concerned by Nelnet’s disregard for the rights of states and student loan borrowers,” the letter reads. “Absent a clear instruction from Congress to be able to shield your company from regulators, [the company] must comply with state law.” The letter is the latest development in a months-long tussle between states, student-loan companies and the federal government over how much power states
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News
- Nelnet to Announce First Quarter Results [Yahoo! Finance]Yahoo! Finance
- Nelnet to Announce First Quarter ResultsPR Newswire
- Nelnet, Inc. (NYSE: NNI) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Nelnet Renewable to discontinue residential solar operations and focus on commercial segment [Seeking Alpha]Seeking Alpha
- Nelnet Renewable Energy Sharpens Focus on Commercial Solar [Yahoo! Finance]Yahoo! Finance
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Earnings
- 2/27/24 - Miss
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Sec Filings
- 4/4/24 - Form ARS
- 4/4/24 - Form DEFA14A
- 4/4/24 - Form DEF
- NNI's page on the SEC website