Three students sue coding bootcamp Lambda School alleging false advertising and financial shenanigans
Lambda School has attracted a lot of attention, and raised some $130 million in venture funding from an impressive list of investors, for its novel approach to coding education: offering six-month virtual computer science courses for $30,000, with the option of paying for the courses in installments based on a sliding scale that only kicks in after you land a job that makes at least $50,000.
But it turns out that the startup is attracting a lot of controversy, too. In the latest development, three students have filed lawsuits against the company in California, claiming misleading financial and educational practices.
CA DFPI Announces Members of New Debt Collection Advisory Committee Published on: 30 April 2021 at 08:00 a.m. ET April 30, 2021, 8 a.m. May 3, 2021, 9:40 a.m. insideARM.com The iA Institute
http://www.insidearm.com/news/00047318-ca-dfpi-announces-members-new-debt-collec/
SACRAMENTO, Calif. The California Department of Financial Protection and Innovation (DFPI) today announced the formal creation of its inaugural debt collection advisory committee, a seven-member board that will provide critical feedback to the Department as it stands up its debt collection licensing program. The diverse group includes a consumer advocate and representatives from the debt collection, debt-buying, third-party collection, and collection law industries.
The committee members represent a cross-section of interested candidates; five are industry representatives, one is a consumer advocate, and one is a law and economics professor who studies the industry.
Lambda School, a coding bootcamp that takes a cut of your next tech salary, now takes a 30% cut in staff theregister.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theregister.com Daily Mail and Mail on Sunday newspapers.
The committee members will provide feedback on the state’s debt collection licensing program.
4/30/2021 1:00 PM
NewsStateAdvocacy
Several members of ACA International have been appointed to the California Department of Financial Protection and Innovation’s (DFPI) new debt collection advisory committee.
The seven-member committee will provide critical feedback to the DFPI as it creates its debt collection licensing program.
The diverse group includes a consumer advocate and representatives from the debt collection, debt buying, third-party collection, and collection law industries, according to a news release from the DFPI.
ACA members on the committee include Scott Hyman, attorney with Severson & Werson PC; Mark Naiman, president of Absolute Resolutions Corp.; Cindy Yaklin, president of States Recovery Systems Inc. and the California Association of Collectors Inc. (CAC); Tamar Yudenfreund, senior director, public policy at Encore Capital Group and chair of ACA’s federal