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CFPB: For-Profit School Misrepresented ISAs, Made False Claims About Grads' Employment Rates | McGuireWoods LLP

On April 17, 2024, the Consumer Financial Protection Bureau entered an order against BloomTech Inc., which does business as the Bloom Institute of Technology, and its CEO, Austen. ....

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Are Income Share Agreements the New Student Loans?

By Bria Overs | Word In Black Credit: Christina Morillo / Pexels (WIB) - After the Supreme Court handed down two devastating losses on affirmative action ....

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CFPB, 11 states reach $30M settlement with Prehired

CFPB, 11 states reach $30M settlement with Prehired
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U.S. Department of Education Officially Asserts Authority over Income Share Agreements | McGuireWoods LLP

On March 2, 2022, the U.S. Department of Education’s Office of Federal Student Aid (FSA) for the first time asserted regulatory authority over income share agreements (ISAs) as private. ....

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CFPB Continues Aggressive Focus on Student Lending | Hudson Cook, LLP

Last week, the Consumer Financial Protection Bureau (CFPB) announced that it will examine colleges' in-house lending practices. According to the press release, the CFPB decided to. ....

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