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The CFPB slams ITT Educational Services

  • Shares of ITT Educational Services (ESI -8.7%) slump after the company gets sued by the CFPB for predatory lending.
  • The agency alleges ITT pressured students into ill-advised loans at high interest rates.
  • The development marks the first the CFPB has taken an action in the for-profit education sector.
  • CFPB press release
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