CFPB probes for-profit colleges over student loans

|By:, SA News Editor

The Consumer Financial Protection Bureau (CFPB) said it is investigating at least two for-profit colleges, Corinthian Colleges (COCO) and ITT Educational Services (ESI), 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.