June 15, 2007
Trade Commission Investigates Lenders
The Federal Trade Commission is investigating allegations of deceptive marketing by student-loan companies.
In a letter sent last month to Rep. George Miller, the California Democrat who requested the investigation, Deborah P. Majoras, the chairwoman, said her agency was "actively assessing" whether lenders had violated any laws, and was reviewing marketing letters provided by the congressman's staff. "I agree that a strong and effective response is needed to prevent such conduct from
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