This organization was forced to notify more than 800,000 borrowers that a software installation error had resulted in a miscalculation of their loans and that their payments would increase.
A) Sallie Mae
B) Freddie Mac
C) AIG
D) Bank of America

Question

Quizplus · Accepted Answer

Sallie Mae is a student loan company that services millions of borrowers. In April 2018, they announced that due to a software installation error, some borrowers' loans had been miscalculated and that their payments would increase. Sallie Mae notified more than 800,000 borrowers of the error and corrected the issue.

This Organization Was Forced to Notify More Than 800,000 Borrowers