Thread regarding ITT Educational Services Inc. layoffs

Does Anyone Here Know About ITT Predatory Lending

"The intriguing part of this story is that the the only reason the CFPB is there is because of the lending aspect of the story. In a nutshell, it alleges that ITT induced students with a temporary zero-interest credit to cover costs not covered by federal loans. When they couldn't pay back those loans, according to the suit, ITT shifted them to the company's own high interest private loans." http://www.cnbc.com/id/101453407

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