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Violation Tracker Individual Record

Company: Nelnet, Inc.
Current Parent Company: Nelnet
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $200,000
Year: 2008
Date: September 9, 2008
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Seven student loan companies agreed to reform their business practices and contribute a total of $1.4 million to a fund to assist students and their families. The announcement did not specify how much each company would pay. Here we assume the total was split evenly among them.
Level of Government: state
Action Type: agency action
Agency: New York Attorney General
Civil or Criminal Case: civil
Facility State: New York
HQ Country of Current Parent: USA
HQ State of Current Parent: Nebraska
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: financial services
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.