Cuomo goes after colleges

In mid-March New York Attorney General Andrew Cuomo, taking a page from predecessor Spitzer's book, announced his intent to go after "deceptive practices" in the college loan industry. NYAG Press Release, March 15, 2007

Concurrently, the U.S. Department of Education has published a package of proposed regulations aimed at clarifying what would be an illegal "inducement" to colleges to use particular lenders. See Chronicle of Higher Education, April 6, 2007, at A25, A26.