SF school, founder fined $164,000 for allegedly tricking students
Briefly

CFPB alleges BloomTech hid income share agreements were loans, inflated job-placement rates, and imposed hefty finance charges on students; misled students about job placements.
CFPB accuses Allred of misleading by overstating job placements, facing consequences including debt collection and credit score impact for students.
Read at SFGATE
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