Statement By Attorney General Andrew M. Cuomo On State Senate's

April 25, 2007 – “I applaud the state Senate’s swift action today in passing the SLATE (Student Lending Accountability, Transparency and Enforcement) Act to protect college-bound students as they finance their education. In particular, I want to thank Senate Majority Leader Joseph L. Bruno and Education Committee Chairman Kenneth P. LaValle for their leadership in helping root out conflicts of interest in the student-lending industry. I was proud to testify before the House of Representatives Education and Labor Committee today about my office’s nationwide investigation into the $85 billion student-lending industry and that the New York State Senate was taking action on the landmark legislation.”