Thursday, June 7, 2007

Lawmakers quiz student lenders on "redlining"

(Reuters) - Redlining refers to an illegal practice in the home- mortgage business in which banks base lending decisions on what neighborhood the potential borrower lives in, regardless of other qualifications.




New York Attorney General Andrew Cuomo is investigating whether redlining is occurring in the student loan market, as he disclosed on Wednesday in a Senate committee hearing.


Read more at Reuters.com Bonds News

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