January 9, 2014
Private Loans Appear to Be Focus of Investigations of 2 For-Profit Colleges
While the Consumer Financial Protection Bureau hasn't specified the focus of its investigations of two for-profit-college companies, many people following the cases believe the bureau is looking into institutional private-loan practices.
Recently the bureau sent letters to both companies—ITT Educational Services and Corinthian Colleges—saying it was potentially pursuing legal action against them.
Trace Urdan, a senior analyst at Wells Fargo Securities, wrote in a