CFPB sues Corinthian Colleges over predatory loans
September 16, 2014 at 12:38 PM EDT
The Consumer Financial Protection Bureau is suing for-profit college chain Corinthian Colleges over an alleged predatory lending scheme, the consumer watchdog said Tuesday.. The bureau said Corinthian lured thousands of students to take out private loans to cover tuition costs by advertising bogus job prospects and career services..