AG Probes Subprime, College Loan Markets

Law360, New York (March 16, 2007, 12:00 AM EDT) -- New York Attorney General Andrew M. Cuomo on Thursday said his office has launched its own investigation into the subprime loan market and wrapped up a separate probe into college-loan program kickbacks.

Cuomo disclosed the subprime loan investigation at a press conference on a separate nationwide probe into college-loan program kickbacks, the National Post reported Friday.

The college loan probe has uncovered financial arrangements between lenders and institutions of higher education that are in many cases “filled with the potential for conflicts of interest,” said Cuomo,...
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