Prohibition on Unfair and Deceptive Marketing Practices: What You Need to Know
The U.S. Department of Education has updated Borrower Defense to Repayment regulations that expand actionable circumstances to include substantial misrepresentation, substantial omission of fact, and aggressive recruitment. And the Department announced in March the "Use of Secret Shoppers to Evaluate Recruitment and Enrollment Practices." In addition, the Federal Trade Commission notified institutions that they "are cracking down on any false promises colleges make about their graduates' job and earnings prospects and other outcomes and will hit violators with significant financial penalties."
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