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Violation Tracker Individual Record

Company: Student CU Connect CUSO, LLC
Penalty: $168,000,000
Year: 2019
Date: June 14, 2019
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Mega-Scandal: Student Loan and For-Profit College Abuses
Violation Description: To resolve multistate litigation, Student CU Connect agreed to cease efforts to collect some $168 million in debt owed by borrowers who had taken out the loans to attend the failed private college ITT Tech. The federal Consumer Financial Protection Bureau was also involved in the settlement and issued its own announcement (see separate Violation Tracker entry).
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.