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Consumer Financial Protection Bureau fines BloomTech for false claims

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Consumer Financial Protection Bureau fines BloomTech for false claims


The U.S. Consumer Financial Protection Bureau (CFPB) said in an order on Tuesday that BloomTech, the for-profit coding bootcamp previously known as the Lambda School, deceived students about the cost of loans, made false claims about graduates’ hiring rates, and engaged in illegal lending masked…

#cfpb #bloomtech #lambdaschool #austenallred #allred #rohitchopra #64000 #gigafund #tandemfund #ycombinator

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