56 Posts

kredit_koncepts WASHINGTON — Corinthian Colleges is being sued by the federal Consumer Financial Protection Bureau for what it calls a "predatory lending scheme." The CFPB is seeking more than $500 million for borrowers who used the for-profit education company's private student loans. Corinthian misled students about their job prospects, in some cases paying employers to offer temporary jobs to graduates, the agency said Tuesday.

Corinthian charged as much as $75,000 for a bachelor's degree and pushed students into private loans with interest rates of roughly 15 percent, more than double the rate for a federal loan, the CFPB said. More than 60 percent of Corinthian students with those loans defaulted within three years. "We believe Corinthian lured in consumers with lies about their job prospects upon graduation, sold high-cost loans to pay for that false hope, and then harassed students for overdue debts while they were still in school," said CFPB director Richard Cordray. #generationY #predatorylending #payup
2d

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3w zpsick
Normal Zachary Psick
zpsick "We've got a special offer for you. We'll give you four thousand dollars for seven thousand dollars. Deal?" #predatorylending #theyspeakspanish 3w

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Lo-fi PFA Foreclosure Help
pfahelpsuwin Funny.. but not funny if its happening to you. Let Providence Finacial Audits helps you avoid #forclosure and get you payments you can afford. Give us a call today! #realestate #realtor #Homeowners #modification #california #florida #hamp #loan #mortgage #loanaudit #predatorylending #stopforeclosure #help #photooftheday #igdaily 1mon

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Inkwell Tiffany Youngblood
xtiffanyyoungbloodx It is pretty exciting that a whole bunch of important people are going to read a report I spent a really long time working on. #uwdc #interning #PredatoryLending #Advocacy 1mon

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2mon aftiej
Amaro Afton January
  •   minijburd You should read "Liquefied: An Ethnography of Wall Street 2mon
  •   newbearer Great! 2mon

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johnniedomino Today a cool day but what about your future? Or tomorrow? Payday Loan company getting rich. #PredatoryLending 3mon

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3mon atloshun
Normal Bright Light, Distant Star
atloshun Because of my 30310 zip code, I get this kinda mess in the mail. This is how they prey on poor folk. Where in 2014 is a 30% APR affordable. #predatorylending 3mon

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Normal Tiffany Youngblood
xtiffanyyoungbloodx Day 27: Having an important project to work on. #Advocacy #PredatoryLending #UWDC #100happydays 4mon

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Normal electramorhipism

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geolian #Money Tip of the Day: There is typically a reason why a company is willing to approve "everyone". Don't become a victim. #MTOTD #predatorylending 6mon

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allieesslinger ...and they fund the majority of America's PayDay Loans #PredatoryLending #BlackHistoryMonth #WellsFargo 7mon

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megspearsnewsome Hey Alabama legislators, would you charge your mother 456% APR? Then put a cap on payday loans/cash advances! #endusury #predetorylending @womensfundbham 8mon

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itskimmd My FAVORITE U.S. Senator: Elizabeth Warren!! I ADORE this woman!! Warren has brought that FIRE to the Senate floor since stepping on it ... taking on #WallStreet corruption, #predatorylending and more! (By the way: She's a fellow Cancerian; a woman for the people!) #sheSpeaksUP! #WarrenforPresident #womeninpolitics #womenofpurpose #womenwhoserve #consumer #advocacy #SHERO! 8mon

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X-Pro II aguawater1394
aguawater1394 Goodhue County GOP campaign headquarters is part of the problem (look at the predatory loaning signs!!) 2y

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not_that_steviej Mayor Glover wrapping up a great meeting with community partners for the launch of #BankOn #Shreveport! Looking to get rid of the #paydayloan and other #predatorylending institutions that run the gambit in underserved communities. 11mon

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albert_hk6 #predatorylending at its finest. Loan for 5k paying back 15k in interest . 1y

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rboy79 Another home saved! This family was 2 years behind on mortgage and we were able to stop foreclose, reduce payment over $500, and reduce principal $204k! #stopforeclosure#refinance#hamp#legal#law#instapic#dailypic#mortgage#predatorylending#savinglives#fightback#results#testimonials#happyfamily 1y

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