HomeBy Michael Stratford. The Consumer Financial Protection Bureau on Wednesday filed a lawsuit against ITT Educational Services, accusing the large for-profit higher education company of engaging in predatory lending and other abusive practices. The bureau’s lawsuit marks its first enforcement action against a for-profit college and is an indication, some observers said, of how seriously and aggressively the watchdog agency -- which officially turns three years old this July -- plans to use its enforcement powers in this contentious, politically charged sector of higher education. Read more...