The Consumer Financial Protection Bureau (CFPB) and the U.S. Department of Education have taken action against for-profit colleges, most notably Corinthian Colleges. In the past year, the CFPB and the Department of Education cut off Corinthian Colleges’ access to federal loans and it agreed to sell most of its campuses in July 2014.
CHICAGO—Illinois Attorney General Lisa Madigan will be the recipient of the inaugural Scheinfeld Award, Woodstock Institute announced today. The Scheinfeld Award, named in honor of Woodstock Institute’s founding family, will be presented to Attorney General Madigan for her work to protect consumers, promote economic opportunity, and advance financial justice.
CHICAGO—Illinois Attorney General Lisa Madigan announced yesterday $70 million of awards to housing counseling and community revitalization organizations.