Monday, April 16, 2007

New York expands student loan probe to 13 lenders

(Reuters) - In related news, Cuomo's office said that the attorney general and New York state legislative leaders would announce legislation regarding student loan practices later on Monday. The bill would require all New York colleges to adopt Cuomo's code of conduct for student loans or face fines.

With the new inquiries, sent Friday, Cuomo's investigation has now expanded to include the top 20 student lenders commanding more than 80 percent of the $85 billion a year U.S. student lending business.


Read more at Reuters.com Business News

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