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CA DFPI exercises its new enforcement authority against coding school's income-based deferred tuition agreement | Ballard Spahr LLP


The California Department of Financial Protection and Innovation
a consent order with Lambda, Inc., which does business as Lambda School, to settle the DFPI’s claims that a provision in Lambda’s student financing contracts was misleading.  The consent order also resolves the DFPI’s claim that Lambda’s marketing materials were misleading.  The DFPI’s claims were brought under the new
California Consumer Financial Protection Law, which took effect on January 1, 2021 and prohibits providers of financial products and services from engaging in unfair, deceptive, or abusive acts or practices.
According to the consent order, Lambda offers California students the option of financing the cost of attending its online computer coding school through a contract in which the student agrees to pay Lambda a percentage of the student’s future income up to a specified amount (Contract).  (Lambda offers California students the option to defer tuition through ....

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Terasaki Institute for Biomedical Innovation Announces Inaugural Leadership Board


Terasaki Institute for Biomedical Innovation Announces Inaugural Leadership Board
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LOS ANGELES, April 27, 2021 /PRNewswire/ The Terasaki Institute for Biomedical Innovation announces the establishment of the inaugural Leadership Board.  This board brings together individuals passionate about research and technology to enhance and create practical solutions for patient health and wellness and provides vital opportunity to support the growth of the Institute.  This board includes distinguished individuals who will leverage their expertise to provide strategic guidance on innovation, research areas, promote key initiatives, and support the mission and vision of the Institute.
Joining the newly established Leadership Board is Sultana Afdhal, George Ayoub, Alex Goldberg, Stephen Ibaraki, Frank Litvack, Asad M. Madni, David Nazarian, and Douglas A. Wilson. ....

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