CFPB Takes Action Against Coding Boot Camp BloomTech and CEO Austen Allred for Deceiving Students and Hiding Loan Costs
April 17, 2024
April 17, 2024
WASHINGTON, April 17 -- The Consumer Financial Protection Bureau issued the following news release:
Today, the Consumer Financial Protection Bureau (CFPB) issued an order against BloomTech and its CEO, Austen Allred, for deceiving students about the cost of loans and making false claims about graduates' hiring rates. The CFPB found that BloomTech and Allred falsely told students the school's "income share" agreement contracts were not loans, when in fact the agreements wer . . .
Today, the Consumer Financial Protection Bureau (CFPB) issued an order against BloomTech and its CEO, Austen Allred, for deceiving students about the cost of loans and making false claims about graduates' hiring rates. The CFPB found that BloomTech and Allred falsely told students the school's "income share" agreement contracts were not loans, when in fact the agreements wer . . .