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CFPB probes for-profit colleges over student loans

  • The Consumer Financial Protection Bureau (CFPB) said it is investigating at least two for-profit colleges, Corinthian Colleges (NASDAQ:COCO) and ITT Educational Services (NYSE:ESI-OLD), over possibly illegal practices related to "the advertising, marketing, or origination of private student loans."
  • Both companies have already disclosed that they have received requests for information from the CFPB over the matter.

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Corinthian Colleges, Inc.