The Consumer Financial Protection Bureau (CFPB) is suing the for-profit college chain Corinthian Colleges, Inc. for illegal, predatory lending against its students. The CFPB found that Corinthian set up a system that “lured tens of thousands of students to take out private loans to cover expensive tuition costs by advertising bogus job prospects and career services,” according to the CFPB press release. Corinthian then used illegal tactics to pressure students into paying back the loans while they were still in school, including “shaming students by pulling them out of class.” CFPB Director Richard Cordray said of the action, “Today the Consumer Bureau is suing Corinthian to prevent further harm to consumers. These schools should not be luring in new students based on illegal tactics, and they should not be collecting debts by continuing to harass students.” For more, read the full release and Cordray’s full remarks.