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Top related persons:
Prehired - 3 — - 2 Rohit Chopra - 1 Sollers - 1 Joe Biden's - 1 New Jersey — - 1 Samuel Levine - 1 Weill - 1
Top related locs:
New Jersey FTC's Sollers Wall Silicon Prehired
Top related orgs:
Service - 3 Consumer Financial Protection - 2 Consumer Financial - 1 Delaware's Justice Department - 1 FTC - 1 Federal Trade Commission - 1 Sollers - 1 Consumer - 1

Search resuls for: "Prehired"


3 mentions found


☆ A group of student-loan borrowers are getting $30 million in debt relief after a tech boot camp offered them 'illegal' payment plans, a federal watchdog says
  + stars: | 2023-11-20 | by ( Ayelet Sheffey | ) www.businessinsider.com   time to read: +3 min
A group of student-loan borrowers who attended boot camp Prehired are getting $30 million in debt relief. The CFPB sued Prehired over the summer, accusing it of offering "illegal" income-share agreements. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementMore student-debt relief is on the way for a group of borrowers who attended a tech boot camp. "Today's action with our state partners ensures that borrowers harmed by Prehired can receive redress and have their illegal loans canceled."
Persons: Prehired, —, Rohit Chopra Organizations: Service, Consumer Financial, Delaware's Justice Department
☆ $3.4 million in student-debt cancellation is on the way for borrowers who went to a for-profit school that 'falsely' touted job placement rates, the FTC says
  + stars: | 2023-10-18 | by ( Ayelet Sheffey | ) www.businessinsider.com   time to read: +4 min
Sollers will cancel $3.4 million in student debt for those who entered income-share agreements. The FTC said the school lied about job placement rates and employer partnerships. "Today's order cancels all income-share agreements issued by the school." This is not the first time a federal agency has raised red flags over income-share agreements. The Consumer Financial Protection Bureau recently sued career bootcamp Prehired, accusing it of misrepresenting the nature of its income-share agreements with students.
Persons: Sollers, —, Joe Biden's, New Jersey —, Samuel Levine, Weill, Weill Cornell Medicine —, Aerotek, bootcamp Prehired, Prehired Organizations: FTC, Service, Federal Trade Commission, Sollers, Consumer, Sollers College, The Federal Trade Commission, Weill Cornell Medicine, Consumer Financial Protection Locations: New Jersey, FTC's, Sollers
☆ A federal watchdog is suing a tech boot camp, accusing it of loading students up with 'predatory' debt and telling them it could collect 'more than the consumer legally owed'
  + stars: | 2023-07-18 | by ( Ayelet Sheffey | ) www.businessinsider.com   time to read: +5 min
The CFPB and state attorneys general sued a career boot camp that declared bankruptcy in 2022. Prehired sued nearly 300 former students last year, saying they'd defaulted on their loans. "Prehired also represented that consumers would pay nothing until they got a job and 'partner[ed] with' Prehired in their career. The lawsuit also accused Prehired of "falsely representing the amount of debt owed by consumers by stating that Prehired could collect more than the consumer legally owed." The complaint said Prehired filed more than 280 lawsuits in 2022 demanding that former students who it said had defaulted pay $25,000 each.
Persons: Prehired, they'd, Bob Ferguson, Washingtonians, bootcamps, Ben Kaufman Organizations: Service, Consumer Financial Protection, California's Department of Financial Protection, Innovation, LinkedIn, Delaware's Department of Justice, Washington Attorney General's Locations: Wall, Silicon, Prehired
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