California Settles with Online School for Allegedly Deceptive Financing Practices
By EsqSocial Corporation 30/04/21
On April 26, 2021, the California Department of Financial Protection and Innovation (DFPI) announced that it had entered into a settlement agreement with an online coding school, resolving allegations that the school engaged in deceptive acts and practices in violation of California’s new Consumer Financial Protection Law (CCFPL). The school offers its students the option to finance their education through a contract in which the student promises to repay the school based on a percentage of the...
By: Goodwin