Bureau Seeks More than $500 Million In Relief For Borrowers of Corinthian’s Private Student Loans
WASHINGTON, D.C.—(ENEWSPF)—September 16, 2014. Today the Consumer Financial Protection Bureau (CFPB) sued for-profit college chain Corinthian Colleges, Inc. for its illegal predatory lending scheme. The Bureau alleges that Corinthian lured tens of thousands of students to take out private loans to cover expensive tuition costs by advertising bogus job prospects and career services. Corinthian then used illegal debt collection tactics…
