Difference between revisions of "ITT Tech"

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(ITT Technical Institute Facts & Timeline)
 
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*[http://www.huffingtonpost.com/davidhalperin/state-attorneys-general-o_b_4677145.html ITT Tech is under investigation by 13 states attorneys general] for lying to students, predatory lending, deceptive marketing practices, bloated job placement statistics.   
 
*[http://www.huffingtonpost.com/davidhalperin/state-attorneys-general-o_b_4677145.html ITT Tech is under investigation by 13 states attorneys general] for lying to students, predatory lending, deceptive marketing practices, bloated job placement statistics.   
 
*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 (a NYSE Wall Street regulator) charging CEO Kevin Modany and CEO Daniel Fitzpatrick with fraud and lying to investors] regarding PEEKS and CUSO predatory lending practices. The were also charged with not submitting their quarterly accounting to the SEC.   
 
*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 (a NYSE Wall Street regulator) charging CEO Kevin Modany and CEO Daniel Fitzpatrick with fraud and lying to investors] regarding PEEKS and CUSO predatory lending practices. The were also charged with not submitting their quarterly accounting to the SEC.   

Revision as of 14:25, 8 October 2015

ITT Tech anti logo.jpg

"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.” 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