Bernard Quoted on Debt-Relief Settlement with ITT Tech Lender

Partner Richard Bernard was quoted in a Wall Street Journal article, “Students of Defunct ITT Tech to Receive $168 Million in Loan Forgiveness,” about a settlement between a lender for the private for-profit college that ceased operations in 2016 and the Consumer Financial Protection Bureau and a coalition of 44 states and the District of Columbia.

Bernard, who represents Student CU Connect CUSO LLC, which provided high-cost loans to ITT student borrowers, said the lender is gratified that the settlements are now becoming effective. He also said CUSO “acted properly and in good faith in entering into and administering the student loan program” at ITT Tech.