October 28, 2015
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.
September 16, 2014
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.