Compliance & Regulatory

Career College Central Summary:

  • Last week Corinthian sold a set of student loans for approximately $19 million to an unnamed third party.
  • The very next day, the company met with attorneys for the Consumer Financial Protection Bureau.
  • Now the CFPB has accused Corinthian of violating both the Dodd-Frank Act and the Fair Debt Collections Practices Act, the company said in the filing.
  • The agency is willing to enter settlement talks, according...

Career College Central Summary:

  • A Missouri appeals court ruled Tuesday in favor of a Lee’s Summit woman who successfully sued a for-profit college, arguing that the school had deceived her about the value of her education.
  • Vatterott College had appealed the Jackson County Circuit Court jury verdict, which awarded Jennifer Kerr $27,676 in actual damages and $13 million in punitive damages.
  • A judge later trimmed that $13 million to about $2 million...

Career College Central Summary:

  • Public interest in the for-profit industry has grown as more Americans have pursued nontraditional paths to a college education. As enrollment has grown, state and federal investigators have examined recruiting and marketing practices as well as academic activities at a number of for-profit schools. In 2012, a U.S. Senate investigation found widespread evidence that for-profit schools often appear to prioritize business concerns over...

Career College Central Summary:

  • A review of a state commission tasked with evaluating for-profit schools has raised questions about Georgia’s oversight of the institution, and the commission’s director say the organization would likely be more effective with more resources.
  • The Atlanta Journal-Constitution reported Sunday that the Georgia Nonpublic Postsecondary Education Commission has certified that for-profit schools and institutions met state...

Career College Central Summary:

  • A view of the situation: Rep. Joanne Blyton is the Vice Chair of the Montana House Education Committee. She represents House District 59 in Carbon County and surrounding areas.--America’s higher education system truly is the envy of the world, but it isn’t without its challenges. We’ve seen accelerating costs to attend college leading to increasing student debt loads. And even with more Americans attending college than ever...