The U.S. Consumer Financial Protection Bureau (CFPB) has reached a settlement with ITT Educational Services for predatory lending practices. In 2014, the CFPB sued ITT alleging predatory lending practices, pushing student borrowers into high-cost private loans that they did not understand nor could afford. The CFPB does not plan to collect on any of the $60 million judgement from the bankrupt for-profit college.
If you have been a victim of a scam and would like to speak to an attorney, call our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.