The U.S. Consumer Financial Protection Bureau (CFPB) said in an order on Tuesday that BloomTech, the for-profit coding bootcamp previously known as the Lambda School, deceived students about the cost of loans, made false claims about graduates’ hiring rates, and engaged in illegal lending masked as “income sharing” agreements with high fees. The order marks […]
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Source: TechCrunch Consumer Financial Protection Bureau fines BloomTech for false claims