New York State Attorney General Andrew Cuomo announced a statewide investigation of credit-card companies marketing to college students through schools.
Mr. Cuomo, a Democrat running for governor of the state, said the investigation builds on his efforts to examine conflicts of interest in the student-lending industry generally, which led to nationwide changes. His campaign website touts the changes as one of his major accomplishments as attorney general.
Dozens of direct marketers and lenders were contacted in 2007 by Mr. Cuomo's office seeking documents and information on whether they used deceptive offers, fraudulent solicitations or illegal incentives to lure students into applying for loans or loan consolidations.
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