Bridgepoint Education Inc., owner of for-profit Ashford University, said it’s under investigation by the Consumer Financial Protection Bureau for its lending and marketing practices.
Bridgepoint (NYSE: BPI) and Ashford received civil investigative demands from the agency on Aug. 10 related to advertising, marketing and loans to students as part of a probe of for-profit colleges, Bridgepoint said in a statement on Friday.
Both the company and Ashford expect to provide documents, testimony and other information to the CFPB and can’t predict the scope or outcome of the investigation, San Diego-based Bridgepoint said.
In the midst of this investigation, many students from Ashford University are qualifying for loan forgiveness. Call us at (844) 692-6684 or fill out the form below to see if you qualify.
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