Corinthian Colleges, Inc. d/b/a Everest College, WyoTech, and Heald College

2014 Community Banks / Credit Unions

CFPB Consumer Financial Violation

Penalty

$530 million

Outcome

Corinthian Colleges, Inc. d/b/a Everest College, WyoTech, and Heald College was subject to a $530,000,000 enforcement action by the Consumer Financial Protection Bureau (CFPB).

Details

Corinthian Colleges, Inc. d/b/a Everest College, WyoTech, and Heald College — $530,000,000 CFPB Enforcement

Outcome: Corinthian Colleges, Inc. d/b/a Everest College, WyoTech, and Heald College was subject to a $530,000,000 enforcement action by the Consumer Financial Protection Bureau (CFPB).

Action Type: enforcement-action

How Crucible Prevents This

Crucible's continuous compliance monitoring would have flagged the regulatory gaps that led to this CFPB enforcement action — through automated regulatory adherence checks, BSA/AML monitoring, consumer protection compliance tracking, and corrective action plan enforcement — preventing the violations before they triggered federal action.

Source: CFPB Enforcement Actions — Corinthian Colleges, Inc. d/b/a Everest College, WyoTech, and Heald College

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