ITT Educational Services, Inc. has agreed to a proposed $60 million settlement with the Consumer Financial Protection Bureau (CFPB) for alleged unfair and abusive practices related to student loans.
Although former ITT students will have their existing loan debt forgiven as a result of a previous action, a stipulated final judgment stated that the technical college, which is in bankruptcy, will not have to pay the settlement amount.
Find out more details about the settlement and the stipulated final judgment.