NEW YORK, Sept. 9 /PRNewswire-FirstCall/ -- MRU Holdings, Inc. (NASDAQ: UNCL), which does business as MyRichUncle(R) Student Loans, endorses the New York State Attorney General's new code of conduct for student loan marketing. "MyRichUncle has always worked to provide parents and students with clear and accurate information and guidance, and we applaud the attorney general for instituting guidelines that will help ensure that the entire industry adheres to the highest standards of marketing conduct. Financing education is a major challenge for most American families, and the loan industry must provide upfront information that parents and students can trust," said MRU co-founder and co-president Raza Khan. MyRichUncle was not a target of the Attorney General's investigation of a group of student lenders, and did not pay a donation to its national fund. Those firms that were found to have undertaken deceptive practices have agreed to pay $1.4 million to the national fund and adopt broad reforms as part of a settlement. MyRichUncle voluntarily signed a letter on June 27, 2008 supporting and agreeing to follow the code. UNCLG DATASOURCE: MRU Holdings, Inc. CONTACT: Karin Pellmann, +1-212-444-7541,

Copyright