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Consumer Financial Protection Bureau v. Corinthian Colleges, Inc.
Case Number:
1:14-cv-07194
Court:
Nature of Suit:
Judge:
Firms
Companies
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October 28, 2015
CFPB Wins Judgment Against Defunct Corinthian Colleges
An Illinois federal judge found Tuesday that Corinthian Colleges Inc. used deceptive student lending practices, entering a default judgment in a $530 million lawsuit filed by the Consumer Financial Protection Bureau and bringing more bad news for the for-profit company as it works its way through Chapter 11 bankruptcy.
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September 16, 2014
CFPB Sues Corinthian Colleges For Lending Abuses
The Consumer Financial Protection Bureau on Tuesday slapped Corinthian Colleges Inc. with a lawsuit alleging the for-profit college chain pushed burdensome private loans on its students with false promises about their post-graduation job prospects.