Wells Fargo signs on to Cuomo’s student loan code of conduct

Associated Press

ALBANY, N.Y. — Wells Fargo has agreed to abide by the code of conduct for college student lending proposed by New York state Attorney General Andrew Cuomo.

Cuomo said the agreement with the San Francisco-based company means that the nation’s five largest lenders have all agreed to abide by the code which, among other things, bars lenders from giving gifts or payments to schools or to financial aid officials. Wells Fargo is the nation’s fifth largest lender. Read full article.

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