Wednesday, June 6, 2007

New York widens student loan probe to underwriting

(Reuters) - "I urge Congress to enact stringent legislation to clean up all of the student loan industry," Cuomo told a Senate Banking Committee hearing looking at allegations of conflicts of interest and kickbacks in the $85-billion industry.




Cuomo said he is widening his probe beyond these allegations. "We recently commenced an investigation ... into the underwriting of these loans," he said.


Read more at Reuters.com Bonds News

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