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Corinthian Colleges sued for predatory lending

By Josh Boak
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Corinthian Colleges sued for predatory lending

WASHINGTON (AP) — Corinthian Colleges is being sued by the federal Consumer Financial Protection Bureau for what it calls a “predatory lending scheme.”

The CFPB is seeking more than $500 million for borrowers who used the for-profit education company’s private student loans. Corinthian misled students about their job prospects, in some cases paying employers to offer temporary jobs to graduates, the agency said Tuesday.

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