October 12, 2007

Cuomo Issues Subpoenas to Student-Loan Companies Suspected of Misleading Marketing Practices

By Paul Basken

After New York's attorney general, Andrew M. Cuomo, began criticizing relationships between colleges and student-loan companies, some in the industry warned that their responses would leave students even more vulnerable to deceptive corporate marketing practices.

Mr. Cuomo announced on Thursday a new round of subpoenas that industry leaders are citing as confirmation of those warnings, as well as an unfair attempt to prolong their public embarrassment.

The

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