SF-based coding school BloomTech fined $160K for ‘deceptive acts’ against students

SF-based coding school BloomTech fined $160K for ‘deceptive acts’ against students

(KRON)—Today, the Consumer Financial Protection Bureau (CFBP) issued an order against BloomTech, a for-profit coding school that touts “dream tech jobs,” along with its CEO, Austen Allred, for deceiving students about loan prices and making false claims about graduates’ hiring rates.  STUDENT DEBT  According to the CFBP, Bloomtech claimed its financial agreements were “not loans, did not create student debt, did not carry a finance charge, and w…