Jack Lew’s time as an executive at New York University — when the school was accused of steering students to pricey Citigroup loans — is triggering problems for his Treasury Secretary confirmation because he left the school to work for the bank, The Post has learned.
Lew served as executive vice president for operations at NYU from 2001 to 2006 — during which time the school was investigated for making Citigroup a preferred lender in exchange for “sweeteners,” cash and other incentives, according to the New York Attorney General’s office at the time.
NYU settled the probe by returning $1.4 million to students and did not admit or deny guilt.
Lew left NYU for a job at Citigroup (then he became Obama’s chief of staff).
Lew, who served as Obama’s chief of staff, mostly skated through his confirmation hearing this week — fending off questions about nearly $1 million in compensation he got as a top Citigroup exec in 2008, when the bank took a taxpayer bailout during the financial crisis.
But now Sen. Charles Grassley (R-Iowa), one of the Senate’s most aggressive investigators, is demanding Lew answer questions about the student loan program….
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