ILL. A.G. RAOUL AND CFPB OBTAIN ORDER REQUIRING STUDENT LENDER PREHIRED TO PROVIDE STUDENTS MORE THAN $30 MILLION IN RELIEF
November 20, 2023
November 20, 2023
CHICAGO, Illinois, Nov. 20 -- Illinois Attorney General Kwame Raoul issued the following news release:
Attorney General Kwame Raoul, along with the Consumer Financial Protection Bureau (CFPB) and 11 attorneys general, announced today that student lender Prehired will provide more than $30 million in relief to student borrowers for making false promises of job placement, trapping students with income share loans that violated the law, and resorting to abusive debt collection practice . . .
Attorney General Kwame Raoul, along with the Consumer Financial Protection Bureau (CFPB) and 11 attorneys general, announced today that student lender Prehired will provide more than $30 million in relief to student borrowers for making false promises of job placement, trapping students with income share loans that violated the law, and resorting to abusive debt collection practice . . .