CFPB and 11 States Order Prehired to Provide Students More than $30 Million in Relief for Illegal Student Lending Practices
Prehired will void all outstanding income share agreements, refund harmed borrowers, and permanently cease operations
State Partners and CFPB Sue Prehired For Illegal Student Lending Practices
Education outfit induced borrowers to take on debt based on false promises about jobs and income, engaged in bait-and-switch tactics on “income-share” loans