Posted inFinancial Literacy

CFPB Wins $531 Million Lawsuit Against Corinthian Colleges

After more than a year of legal tap dancing by Corinthian Colleges, half a billion dollars or to be exact, $531,224,267 of financial justice has been ordered for students who attended the now-defunct private college. On October 27, a federal court issued a default judgement against the former institution for a predatory lending scheme that was as illegal as it was abusive