u/Significant_Wing_878 wrote (the comment Michael replied to):
Way to low
u/michaelnovati replied ·
I think the penalty is effectively that BloomTech will have a VERY hard time operating. Kind of like how that WSJ article came out about 2U and they then rebranded all the Trilogy bootcamps to EdX and wiped the Trilogy brand off the face of the Earth.
The decree is like dozens of pages and extremely detailed so the legal costs for the CFPB likely far surpass the fine too.