BloomTech, a once-buzzy coding boot camp that offered students the chance to pay their tuition using earnings from a future job, was hit Wednesday with a $64,235 fine by the Consumer Financial Protection Bureau. The San Francisco company’s founder, Austen Allred, has to pay $100,000. Previously known as Lambda School, BloomTech has for years been accused of exaggerating students’ success rates and misleading students about its payment policies. The CFPB order had the same allegations and came... Read this story
