Another federal agency is launching an investigation into how a for-profit institution provided private student loans.
California-based Bridgepoint Education and its subsidiary, Ashford University, received a “civil investigative demand” from the Consumer Financial Protection Bureau last week to determine whether the for-profit chain engaged in “unlawful acts or practices related to the advertising, marketing or origination of private student loans,” according to a corporate filing released Friday.
Read more at Inside Higher Ed: https://www.insidehighered.com/news/2015/08/17/cfpb-investigates-profit-ashford-universitys-lending-program
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