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CIT places student-loan unit executives on leave
Reuters - CIT Group Inc. said on Monday
it had placed the chief executive and other top executives at
its student loan unit on administrative leave, in response to a
recently announced investigation by New York's attorney
general.
CIT places 3 execs on leave amid probe
AP - CIT Group Inc. has placed three top executives of its student loan business on paid leave following an investigation into stock transactions with a high-level U.S. Department of Education official and college financial aid officers, the company said Monday.
American Home Mortgage sinks on lower outlook
Reuters - American Home Mortgage Investment
Corp. shares sank as much as 18.2 percent on Monday
after the company slashed its dividend and 2007 profit
forecasts, and several analysts downgraded its stock.
CIT puts officials on leave
AP - CIT Group Inc. has placed three top executives of its student loan business on paid leave following an investigation into stock transactions with a high-level U.S. Department of Education official and college financial aid officers, the company said Monday.
Military drafts anti-predatory lending rules
Reuters - The U.S. Defense Department will
propose curbing lending practices it considers predatory, such
as payday loans, car title lending and tax refund anticipation
loans, to military service members and their families, a draft
of the proposal showed.
Student lending probe spreads
AP - A student loan company now under investigation paid consulting fees to a student loan officer at Johns Hopkins University, paid for some of her graduate school tuition, and also paid consulting fees to officials at two other colleges, investigators said Monday.
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