US consumer watchdog accuses Corinthian Colleges of predatory loans
September 16, 2014 at 12:49 PM EDT
WASHINGTON, Sept 16 (Reuters) - The U.S. consumer finance watchdog on Tuesday sued Corinthian Colleges for alleged predatory lending, saying that the for-profit institute lured students into taking out private student loans by touting "bogus" job prospects and using illegal debt-collection methods.