(Reuters) - WASHINGTON, June 7 - Two congressional committee
chairmen and New York's attorney general said on Thursday they
are asking student loan firms about possible "redlining"
practices that may discriminate against students at
historically black colleges.
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.
Read more at Reuters.com Bonds News
chairmen and New York's attorney general said on Thursday they
are asking student loan firms about possible "redlining"
practices that may discriminate against students at
historically black colleges.
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.
Read more at Reuters.com Bonds News
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