Politics on the Hudson

  Both houses of the Legislature are expected to pass today a bill that will crack down on kickbacks that some colleges have been allegedly giving to loan companies.

   Attorney General Andrew Cuomo has been probing for months the relationship between the loan providers and institutions, and several colleges have admitted getting money or gifts in return for steering students to preferred lenders.

  The measure that both houses anticipate passing today would establish a “code of conduct’’ for New York colleges that would ban them from getting kickbacks for directing loans and also from steering students towards specific lenders.

    Legislation with similar provisions is pending in Washington.