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U.S. Regulator Sues Corinthian Colleges Alleging Predatory Lending
The Wall Street Journal (online registration required): WASHINGTON—The U.S. consumer-finance regulator has sued troubled for-profit education firm Corinthian Colleges Inc., alleging the company prodded students into taking out unaffordable loans and used aggressive debt-collection tactics.
The Consumer Financial Protection Bureau's lawsuit, filed Tuesday in federal court in Illinois, is the latest blow for the financially troubled company, which reached a deal in July with the U.S....
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