The US Consumer Financial Protection Bureau (CFPB) has slapped coding boot camp BloomTech with several punishments for alleged deceptive business practices.
The US Consumer Financial Protection Bureau (CFPB) has slapped coding boot camp BloomTech with several punishments for alleged deceptive business practices.
It’s a contract.
They give you some money now, and, instead of an interest rate and a term for repayment, they get a percentage of your future income for some period of time.
Particularly shitty ones continue even if you repay the original loan amount.
It looks like they didn’t even get the money, these were “student loans” so the money just went to pay for the tuition.