News & Analysis as of

Education Consumer Protection Business Torts

Read need-to-know updates, commentary, and analysis on Education issues written by leading professionals.

CFPB and Two States File Suit Against Student Loan Company Navient

The CFPB announced on Wednesday that it had filed a lawsuit against Navient Corporation, formerly part of Sallie Mae, and two of its subsidiaries for alleged “systematic” failures in student loan servicing. The complaint...more

New York’s Appellate Division Reinstates Attorney General’s Statutory Fraud Claim Against “Trump University”

In State of New York v. Trump Entrepreneur Initiative LLC, New York’s Appellate Division recently denied a motion by Donald Trump’ organization to dismiss a fraud claim brought by the New York Attorney General (“AG”) under...more

4 takeaways for higher ed from the Alaburda student lawsuit verdict

by Thompson Coburn LLP on

Last week a California jury rejected a law school graduate’s claim that her alma mater falsified graduate-employment data in the much-anticipated Alaburda v. Thomas Jefferson School of Law trial. The lawsuit was filed on May...more

Alert: FTC Focuses on Lead Generation Practices in Higher Education and Ed Tech

by Cooley LLP on

On Friday, October 30, 2015, the Federal Trade Commission conducted a workshop in Washington, DC on lead generation practices, with a specific consumer protection focus on activities in the higher education sector including...more

“Abusive” Development – Recent Applications of the Prohibition against Abusive Acts and Practices

by Dorsey & Whitney LLP on

The enactment of the Dodd-Frank Act in 2010 created the Consumer Financial Protection Bureau (“CFPB”) and, among other things, vested it with broad authority to enforce prohibitions on unfair, deceptive and abusive acts and...more

The CFPB & UDAAP: A “Know It When You See It” Standard?

by Morrison & Foerster LLP on

The Consumer Financial Protection Bureau’s (CFPB) continued and expanded reliance on its sweeping authority to prohibit unfair, deceptive, and abusive acts or practices (UDAAP) continues to command the attention of financial...more

Student Debt Relief Services Slapped with TSR and UDAAP Claims

by MoFo Reenforcement on

On December 11, 2014, the CFPB filed two actions against debt relief companies. Complaint for Permanent Injunction and Other Relief, Consumer Fin. Prot. Bureau v. IrvineWebWorks, Inc., No. 8:14-cv-1967 (C.D. Cal. Dec. 11,...more

The CFPB & UDAAP: A “Know It When You See It” Standard?

by Morrison & Foerster LLP on

Institutions regulated by the Consumer Financial Protection Bureau (CFPB) and subject to its enforcement authority are dealing with of the agency’s sweeping authority to prohibit unfair, deceptive, and abusive acts or...more

Illinois Attorney General Files UDAAP Action Against For-Profit College

by Goodwin on

The Illinois Attorney General, who filed suit two years ago under the Illinois Consumer Fraud and Deceptive Business Practices Act against a group of entities related to for-profit college financing, amended its complaint to...more

Illinois AG wins motion to add Dodd-Frank UDAAP claim to complaint against for-profit college

by Ballard Spahr LLP on

Earlier this month, an Illinois state court granted the motion of the state’s Attorney General to further amend her complaint in a lawsuit filed against a for-profit college and its owners to add new counts alleging that the...more

Illinois AG seeks leave to add Dodd-Frank UDAAP count to complaint against for-profit college

by Ballard Spahr LLP on

Lisa Madigan, Illinois Attorney General, recently filed a motion in a state court lawsuit against a for-profit college and its owners and operators seeking leave to further amend her complaint to add new counts alleging that...more

For-profit education company sued by CFPB seeks dismissal of complaint

by Ballard Spahr LLP on

ITT Educational Services, the defendant in the CFPB’s first enforcement action against a for-profit education company, has filed a motion seeking dismissal of the CFPB’s complaint. Filed this past February in an Indiana...more

Are Misstatements In A Form 10-K Actionable By The California Attorney General?

by Allen Matkins on

Last week, the California Attorney General Kamala D. Harris announced that she had filed a complaint for civil penalties, permanent injunction and other equitable relief against Corinthian Colleges and three of its school...more

Appellate Court rules that for-profit technical school is not automatically exempt from New Jersey Consumer Fraud Act under...

by Saul Ewing LLP on

The New Jersey Appellate Court holds that a for-profit technical school cannot invoke the "learned professional" exception to the New Jersey Consumer Fraud Act. This decision exemplifies that career training schools are not...more

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