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ITT Tech

221 bytes added, 20:10, 9 October 2015
/* ITT Tech Fact Sheet & Timeline */
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[[File:ITT Tech anti logo.jpg|frameless|center]]
*ITT Tech is under investigationby 13 state attorneys general[http://www.huffingtonpost.com/davidhalperin/state-attorneys-general-o_b_4677145.html by 13 state attorneys general] for lying to students, predatory lending, deceptive marketing practices, sub-par education and bloated job placement statistics. *June 2015, ITT Tech is currently being [http://www.usatoday.com/story/money/business/2015/05/12/itt-educational-services-sec-fraud-charges/27169703/ sued by the Securities and Exchange Commission (an NYSE Wall Street government regulator), charging CEO Kevin Modany and CEO Daniel Fitzpatrick with fraud] and for lying to investors regarding it's PEEKS and CUSO predatory lending practices. They were also charged with not submitting their quarterly accounting to the SEC per regulation. [http://www.usatoday.com/story/money/business/2015/05/12/itt-educational-services-sec-fraud-charges/27169703/] *In On Feburary 2014, the New Mexico Attorney General King [http://www.insidehighered.com/sites/default/server_files/files/New%20Mexico%20ITT%20complaint.pdf New Mexico Attorney General King] and three other state attorneys general, filed a civil lawsuit against ITT Tech]. They alleged that ITT Tech made misrepresentations to students, violated New Mexico law, and engaged in unfair, deceptive, and unconscionable acts and practices in violation of New Mexico’s Unfair Practices Act (“UPA”)[http://www.nmprc.state.nm.us/consumer-relations/docs/insurance-trade-practices.pdf New Mexico’s Unfair Practices Act (“UPA”)] in connection with the advertising, marketing, and selling of educational services to New Mexico consumers. *In Febuary 2014, the Consumer Financial Protection Bureau (CFPB) sued ITT for predatory lending, non-transferrable credits, deceptive marketing practices and bloated job placement statistics[http://www.consumerfinance.gov/newsroom/cfpb-sues-forprofit-college-chain-itt-for-predatory-lending/ Consumer Financial Protection Bureau] (CFPB) sued ITT for predatory lending, non-transferrable credits, deceptive marketing practices and bloated job placement statistics. <br/>  
''"ITT marketed itself as improving consumers’ lives but it was really just improving its bottom line, We believe ITT used high-pressure tactics to push many consumers into expensive loans destined to default. Today’s action should serve as a warning to the for-profit college industry that we will be vigilant about protecting students against predatory lending tactics.” ''[http://www.consumerfinance.gov/newsroom/prepared-remarks-of-cfpb-director-richard-cordray-on-the-itt-enforcement-action-press-conference/ Reference Source] - said CFPB Director Richard Cordray on Prepared Remarks of CFPB Director Richard Cordray at the ITT Enforcement Action Press Conference Febuary 26, 2014
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*in June 2016 Former CFPB Student Loans Ombudsman official, Rohit Chopra [http://d35t5xl2jgocwh.cloudfront.net/wp-content/uploads/2015/06/25181002/Letter-to-Investors-re-ITT-ESI-redacted.pdf Rohit Chopra] of the CFPB recently sent a letter to ITT Tech's investors shareholders warning them it is "not properly managed" and without reform, "will continue to harm both its students and its shareholders."
*[https://www.insidehighered.com/quicktakes/2015/09/22/itt-tech-faces-justice-department- ITT is under investigation by the Department of Justice for defrauding the federal government, accused of Title IV fraud] (Federal Student Aid) This investigation is to determine whether ITT Tech has violated the False Claims Act. September 22, 2015[https://www.insidehighered.com/quicktakes/2015/09/22/itt-tech-faces-justice-department-].*Janice Nottenkamper is a former Financial Aid Administrator for ITT Tech in Little Rock, AR. [http://www.courthousenews.com/2014/06/02/68354.htm Ms. Nottenkamper is suing ITT ESI: CEO Kevin Modany, CFO Daniel Fitzpatrick] and other executives for deceitful and predatory practices against students, fraud and predatory practices pushing students into high-cost private loans that were likely to default. This case is in current litigation. She is a hero and whistleblower[http://www. courthousenews.com/2014/06/02/68354.htm].--[[User:WikiNiki|WikiNiki]] ([[User talk:WikiNiki|talk]]) 1413:1910, 8 9 October 2015 (PDT)
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=== Senator Dick Durbin (D-IL) to ITT ESI CEO Kevin Modany ===
Finally, your letter invited me to visit an ITT Tech campus. I must decline at this time. I do not wish anyone to mistake my visit for an endorsement of ITT Tech’s well-documented poor performance and shameful policies related to court access for students or the company’s treatment of its students as outlined in the numerous lawsuits against you personally and the company.
[http://www.durbin.senate.gov/newsroom/press-releases/durbin-responds-to-itt-techs-claims U.S. Senator Dick Durbin (D-IL)Open Letter to ITT ESI CEO, Kevin Modany]
=== Faulty Accreditation ===
[http://www.acics.org/commission%20actions/content.aspx?id=1476 Reference: ACICS]
--[[User:WikiNiki|WikiNiki]] ([[User talk:WikiNiki|talk]]) 11:49, 9 October 2015 (PDT)
 
== ITT Tech Warriors ==
[[File:ITTWarriors.png|frameless|center]]
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