Thursday, April 12, 2007

Cuomo to announce settlement with lender

Cuomo to announce settlement with lender (AP)

New York Attorney General Andrew Cuomo speaks during an interview in Colonie, N.Y., Tuesday, April 10, 2007. Cuomo said cozy arrangements between colleges and the companies that loan their students billions of dollars are far more widespread than hevanticipated and his probe of the industry could lead to criminal charges against high-ranking officials.  (AP Photo/Mike Groll)AP - New York Attorney General Andrew Cuomo is poised to announce a settlement with a "significant" student lender Wednesday as his probe widens into improper practices within the lucrative college loan industry.


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