Promoting Accountability in
Violation Tracker Individual Record
At the request of the Consumer Financial Protection Bureau, a federal court entered a final default judgment against Corinthian Colleges, Inc., resolving a lawsuit filed by the CFPB in September 2014. The Bureau's lawsuit against Corinthian alleged that the company lured tens of thousands of students into taking out private loans to cover expensive tuition costs by advertising bogus job prospects and career services. The court ordered that Corinthian was liable for more than $530 million and prohibited the company from engaging in future misconduct.