The CFPB announced that it has entered into a consent order with Bridgepoint Education, Inc., the owner of two for-profit colleges, to settle charges that the company’s representatives engaged in deceptive acts or practices by misrepresenting the potential costs of loans offered directly by the company to students.  The consent order requires the company to provide approximately $23.5 million in consumer relief in the form of loan forgiveness and refunds, and to pay an $8 million civil money penalty to the CFPB. … Continue Reading