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29 Mar 2023, 1:51 pm
For example, the DOE increased oversight efforts in October 2021, and results included the approval of group discharges based on borrower defense findings, providing approximately $11.4 billion in relief to 875,000 students who attended Corinthian Colleges, Inc., ITT Tech, Marinello Schools of Beauty, and Westwood College. [read post]
2 Jun 2022, 5:00 am
"The group loan discharge applies to all former students who attended any campus owned or operated by Corinthian Colleges Inc. [read post]
20 Apr 2021, 4:00 am
The 70-page complaint (full text) in The School of the Ozarks, Inc. v. [read post]
26 Oct 2019, 7:56 am
A judge for the US District Court of the Northern District of California found on Thursday that Education Secretary Betsy DeVos and the Department of Education had violated a court order to stop collection on loans owed by students who had attended now-defunct, for-profit schools operated and owned by Corinthian Colleges, Inc. [read post]
9 Aug 2018, 8:29 am
Corinthian Colleges, Inc. (9th Cir. 2008)), an injury is not enough, and a plaintiff must show a market reaction to the fraud itself. [read post]
26 Jul 2018, 11:41 am
Corinthian College then declared Chapter 11 bankruptcy in May 2015, crushing Aequitas finances since 75 percent of its trade-receivables portfolio was tied to the college. [read post]
5 Jun 2018, 1:13 am
Corinthian College, 733 F.3d 928, 929 (9th. [read post]
31 Dec 2017, 5:12 pm
CFPB, federal-enforcement-actions, National-Collegiate-Student-Loan-Trusts, Transworld-System-Inc – posted on 11/16/17Trust spat in Delaware Verbatim: CFPB's Opposition to Intervention of Interested Non-parties who want to block Consent Judgment between the Bureau and the National Collegiate Student Loan Trusts federal-enforcement-actions, National-Collegiate-Student-Loan-Trusts, private-student-loans, Transworld-System-Inc – posted on 11/15/17Thornhill v Walden… [read post]
31 Dec 2017, 5:12 pm
TAGS: federal-enforcement-actions, National-Collegiate-Student-Loan-Trusts, private-student-loans, Transworld-System-Inc – posted on 11/15/17Midland's offers to settle time-barred debt ... [read post]
25 Aug 2017, 8:51 am
In September 2014, the CFPB sued Corinthian Colleges, Inc. for tricking tens of thousands of students into taking out private Genesis loans to cover expensive tuition costs by advertising bogus job prospects and career services. [read post]
12 Apr 2017, 8:22 pm
Approximately 1,900 Maryland residents who attended schools operated by Corinthian Colleges Inc. are eligible for cancellation of the their federal student loans used to attend the schools, Maryland Attorney General Brian E. frosh announced Wednesday. [read post]
13 Sep 2016, 7:29 am
In September 2014, the CFPB commenced an action against Corinthian Colleges alleging misrepresentations regarding job placement rates and alleged improper debt collection practices. [read post]
16 Jun 2016, 9:30 pm
” In response to the abrupt collapse and closure of the for-profit Corinthian Colleges in 2015, the U.S. [read post]
24 Mar 2016, 3:26 pm
Sancho, Corinthian Colleges, and CashCall, Inc. [read post]
21 Mar 2016, 11:22 am
These proposed regulations stem in part from a citizen petition filed by a consumer group, Public Citizen, Inc and comes in the wake of some high profile for-profit college failings, especially the infamous 2014 bankruptcy of Corinthian Colleges, one of the largest for-profit, post-secondary school operators in the country (housing Bryman College, National Institute of Technology, etc.) [read post]
20 Mar 2016, 5:55 am
Corinthian College then declared Chapter 11 bankruptcy in May 2015, crushing Aequitas finances since 75 percent of its trade-receivables portfolio was tied to the college. [read post]
11 Mar 2016, 8:35 am
While Aequitas did use some investor money to acquire trade receivables in health care, education, transportation, and other consumer credit sectors, the vast majority was concentrated in student loan receivables of for-profit education provider Corinthian Colleges. [read post]
10 Mar 2016, 5:25 pm
According to the SEC’s complaint:From January 2014 to January 2016, Aequitas raised money from investors by issuing promissory notes with high rates of return typically ranging from 8.5 to 10 percent.While Aequitas did use some investor money to acquire trade receivables in health care, education, transportation, and other consumer credit sectors, the vast majority was concentrated in student loan receivables of for-profit education provider Corinthian Colleges. [read post]
29 Feb 2016, 10:00 am
Corinthian Colleges Inc., which is now shut down, was fined and sued by the state of California for the exact same business practices. [read post]
24 Feb 2016, 11:27 am
In 2015, Aequitas was forced to answer questions about its link to embattled Corinthian Colleges Inc. [read post]
