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The Consumer Financial Protection Bureau's case against Corinthian Colleges - Blog: Consumer Financial Protection Bureau

My most recent blog entries have been focused on the CFPB’s new mortgage servicing rules and the Flagstar Bank enforcement case. I’m going to switch gears for a moment and take a look at the Corinthian Colleges case. ...more

Illinois AG Sues Student Debt Relief Firms

On July 14, Illinois Attorney General (AG) Lisa Madigan announced that her office filed separate civil lawsuits in state court against two student debt relief firms and their principals. The lawsuits allege that the...more

Federal Reserve Takes Action Against Bank For Vendor’s Allegedly Deceptive Practices

On July 1, the Federal Reserve Board announced a joint enforcement action with the Illinois Department of Financial and Professional Regulation against a state bank that allegedly failed to properly oversee a nonbank...more

The CFPB Sues For-Profit Education Chain For Predatory Lending

The CFPB recently filed a lawsuit against ITT Educational Services, Inc. (“ITTESI”), the parent company of the ITT Technical Institute chain of trade schools, as well as Daniel Webster College in New Hampshire. The lawsuit...more

Institutions of Higher Education and the Fair Credit Reporting Act: Third Circuit Holds Higher Education Amendments Offer No Safe...

In a recent precedential opinion, the Third Circuit has held that the Higher Education Act provides no safe haven from strict adherence to the Fair Credit Reporting Act for colleges and universities. Moreover, the Court...more

Burger v. Mountain State University, Inc.

Class Action Complaint

A Class Action Complaint was filed against Mountain State University, Inc. in Charleston, West Virginia on July 11, 2012. Mountain State University is a private, for profit university head-quartered in Beckley, West...more

Can You Get Your Student Loan Discharged?

If you are in trouble on your student loan, the best relief you can hope for is to get it discharged. This post identifies the five main ways you can do so. None of them are easy, but neither is paying a student loan you...more

Hemant Goswami versus Union of India and Ors.

Civil Writ Petition - Public Interest (PIL)

The PIL highlighted that despite being allotted land at highly subsidised prices, the private educational institutions were not providing the mandatory 15 percent free seats to economically poor students. The petition...more

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