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CFPB Takes Action Against BloomTech Intensive Programming Training Center and its CEO Austen Allred for Misleading Students and Hiding Loan Costs

News Consumer protection English Sanctions & Fines
Date: 17th Apr, 2024 Source: Consumer Financial Protection Bureau Country: USA Original Source

Brief

Summary:

The Consumer Financial Protection Bureau (CFPB) has issued an order against BloomTech, a vocational training center, and its CEO Austen Allred, for deceiving students about the cost of their loans and providing false information about the job placement rate. The CFPB found that BloomTech and Allred misled students by telling them that their "income-share agreements"" were not loans

WASHINGTON, D.C. – La Oficina para la Protección Financiera del Consumidor (CFPB, por sus siglas en inglés) emitió una orden contra el centro de entrenamiento intensivo BloomTech y su gerente general Austen Allred, por engañar a sus estudiantes acerca del costo de sus préstamos y por hacer falsas declaraciones acerca del índice con” que sus

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WASHINGTON, D.C. – La Oficina para la Protección Financiera del Consumidor (CFPB, por sus siglas en inglés) emitió una orden contra el centro de entrenamiento intensivo BloomTech y su gerente general Austen Allred, por engañar a sus estudiantes acerca del costo de sus préstamos y por hacer falsas declaraciones acerca del índice con” que sus

This content is restricted.

Consumer Financial Protection Bureau

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