Friday, June 8, 2007

UPDATE 1-US senator to seek private student loan crackdown

(Reuters) - WASHINGTON, June 8 - The chairman of the U.S.
Senate Banking Committee said on Friday he will introduce a
bill that would impose new disclosure and conduct rules on the
fast-growing private student loan market.




"This legislation will help to ensure that students
understand the products they are buying to help finance their
education, and that unfair and deceptive practices in this
market are outlawed," said Sen. Chris Dodd, a Connecticut
Democrat and presidential candidate.


Read more at Reuters.com Government Filings News

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