ITT Pushed Consumers into High-Cost Student Loans Likely to Fail
WASHINGTON, D.C. –(ENEWSPF)—February 26, 2014. Today the Consumer Financial Protection Bureau (CFPB) filed a lawsuit against ITT Educational Services, Inc., accusing the for-profit college chain of predatory student lending. The CFPB alleges that ITT exploited its students and pushed them into high-cost private student loans that were very likely to end in default. The CFPB is seeking restitution for victims, a civil fine, and an…
