Consumer Agency May Pursue Legal Action Against For-Profit College

The Consumer Financial Protection Bureau has informed ITT Educational Services that the federal agency's enforcement office may urge the CFPB to "take legal action" against the for-profit higher education provider for possible violations of federal law, ITT announced in a federal tax filing Friday. In its statement, ITT, which operates more than 140 ITT Technical Institutes in 38 states, said that the consumer bureau had notified it about the potential legal action on Dec. 23. Read more...