CFPB Sues Student Lender Climb Credit and Investment Firm 1/0 for Deceiving Borrowers About Coding Bootcamps and Vocational Programs
October 17, 2024
October 17, 2024
WASHINGTON, Oct. 17 -- The Consumer Financial Protection Bureau issued the following news release:
Today, the Consumer Financial Protection Bureau (CFPB) sued student lender Climb Credit, and its largest shareholder 1/0 ("one zero"), for inducing students to take out loans by misrepresenting the quality of the training programs at their partner schools and making false claims about graduates' hiring rates and salaries. The lawsuit alleges Climb Credit and 1/0 claimed to ha . . .
Today, the Consumer Financial Protection Bureau (CFPB) sued student lender Climb Credit, and its largest shareholder 1/0 ("one zero"), for inducing students to take out loans by misrepresenting the quality of the training programs at their partner schools and making false claims about graduates' hiring rates and salaries. The lawsuit alleges Climb Credit and 1/0 claimed to ha . . .