Jeffrey P. Naimon quoted in American Banker article, “Can banks allay concerns about emerging student loan product?”
American BankerJeffrey P. Naimon
The American Banker article, “Can banks allay concerns about emerging student loan product?” discussed the conflicting views surrounding banks’ involvements in income-share agreements. Naimon noted that funding income-share agreements could help the product mature and improve compliance with consumer protection laws, and added, “There's almost no financing area that having greater bank involvement makes it worse. I think that almost always makes it better. It's because of all the corporate infrastructure banks bring to the table, and they're cautious institutions. They'll have standards, and I think it's helpful for many markets to have that kind of involvement.”
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