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CFPB fines for-profit college $8 million
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Consumer Protection
Tuesday, September 27, 2016
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Bridgepoint Education Inc., allegedly deceived students into taking out private student loans that cost more than they were advised, the bureau said. The consent order, issued via administrative proceeding, is the bureau’s third enforcement action against a for-profit educational institution.
The Bridgepoint consent order marks the CFPB’s third major action against a for-profit educational institution, and things ended badly for the previous two respondents.
Read on for details of the latest enforcement and what might be in store in the future for Bridgepoint.
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