Bureau’s Proposed Settlement Seeks $183.3 Million in Relief for 41,000 Harmed Student Borrowers
WASHINGTON, D.C. —(ENEWSPF)—August 17, 2017. The Consumer Financial Protection Bureau today filed a complaint and proposed settlement against Aequitas Capital Management, Inc. and related entities, for aiding the Corinthian Colleges’ predatory lending scheme. The CFPB alleges that Aequitas enabled Corinthian to make high-cost private loans to Corinthian students so that it would seem as if the school was making enough…
