Thread regarding Corinthian Colleges Inc. layoffs

8/26/14 Now We Are In Trouble for the $19 mil Student Debt Sale

http://www.bloomberg.com/news/2014-08-26/corinthian-says-regulator-curtails-sales-of-loan-assets.html?cmpid=yhoo

"As a condition to entering settlement talks, Corinthian must cease sales or transfers of private student loans, inform the CFPB of potential asset sales and give students more information about the possible sale or shutdown of its campuses. The company has until Aug. 29 to respond to the CFPB."

What are the consequences of this? Have they frozen the funds that we needed to meet payroll?

by Anonymous30592
| 461 views | | 2 replies (last August 26, 2014) | Reply
Post ID: @OP+xhbU7I3
Comment! It's anonymous!

2 replies (most recent on top)

So much for the big ECMC sale. That's dead.

by Anonymous30597
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Post ID: @DK3+xhbU7I3

The CFPB talks happened just after the sale. It's pretty clear that CCi probably suggested, "Wait until after we sell, and then we will talk to you." As far as the $19M, that's likely long gone already.

by Anonymous30596
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Post ID: @2Ij+xhbU7I3

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