(Reuters) - The settlement is the latest in a nationwide probe of
conflicts of interest in the $85 billion student loan industry.
Twenty-six schools and seven lenders, including Sallie Mae
, JPMorgan Chase and Bank of America ,
have reached agreements with New York Attorney General Andrew
Cuomo.
The latest agreement resulted from Cuomo's findings that
Ellen Frishberg, the director of student financial services at
Johns Hopkins, was improperly promoting a lender, Student Loan
Xpress, after the company paid her more than $65,000 in
consulting fees and other payments, the AG's office said.
Student Loan Xpress is now a unit of CIT Group Inc. .
Read more at Reuters.com Bonds News
conflicts of interest in the $85 billion student loan industry.
Twenty-six schools and seven lenders, including Sallie Mae
, JPMorgan Chase and Bank of America ,
have reached agreements with New York Attorney General Andrew
Cuomo.
The latest agreement resulted from Cuomo's findings that
Ellen Frishberg, the director of student financial services at
Johns Hopkins, was improperly promoting a lender, Student Loan
Xpress, after the company paid her more than $65,000 in
consulting fees and other payments, the AG's office said.
Student Loan Xpress is now a unit of CIT Group Inc. .
Read more at Reuters.com Bonds News
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