CFPB Goes After Student Lender for Predatory Lending
The CFPB wants Aequitas Capital Management to take $183 million off the debt of 41,000 students of Corinthian Colleges. The bureau alleges that Aequitas enabled the schools to make high-cost private loans to students so that it would seem as if the school was making enough money to qualify for federal student aid dollars. [8/18/17]