Whistleblower Lawsuit Accuses ITT Tech Of Defrauding Government, Using Deceptive Recruitment Practices

Whistleblower Lawsuit Accuses ITT Tech Of Defrauding Government, Using Deceptive Recruitment Practices

A recently unsealed whistleblower lawsuit against for-profit college chain ITT Technical Institute accuses the school of operating a “systematic scheme” to defraud the government by using a litany of abusive, deceptive practices to enroll students.  [More]

California Senate Passes Bill Allowing Consumers To Fight Unfair Default Judgments

California Senate Passes Bill Allowing Consumers To Fight Unfair Default Judgments

We recently told you how potentially millions of Americans are stuck with someone else’s debt because of the large number of default judgments in favor of debt collectors.  Yesterday, lawmakers in California approved a bill aimed at giving consumers in that state some ability to fight back.
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Obama To Call For Financial Watchdog Agency

Obama To Call For Financial Watchdog Agency

Tomorrow, President Obama is expected to call for the creation of a new watchdog agency that would help protect consumers from abusive credit card, mortgage, banking practices. The banking industry is not happy about the idea, reports CNN. But hey, they’re just looking out for us: “It’s bad for consumers,” a banking industry lobbyist told the network. Oh, well, never mind then, and pass me some more delicious subprime!