Sep. 18, 2012
For-profit schools preying on low-income communities
Some of these schools are employing the same predatory practices that led to defaults and record high foreclosure rates during the subprime mortgage crisis.
Brian S. Kabateck
Founding and Managing Partner, Kabateck LLP
Consumer rights
633 W. Fifth Street Suite 3200
Los Angeles , CA 90071
Phone: 213-217-5000
Email: bsk@kbklawyers.com
Brian represents plaintiffs in personal injury, mass torts litigation, class actions, insurance bad faith, insurance litigation and commercial contingency litigation. He is a former president of Consumer Attorneys of California.
Just as the growth in subprime lending caused defaults and record high foreclosure rates across the nation due to predatory lending practices aimed at low-income neighborhoods and minorities, advertisements promoting for-profit schools have taken advantage of similarly disadvantaged communities. Indeed, in 2008 as this nation faced the foreclosure debacle, enrollment in for-profit schools nearly tripled to more than 1.8 million students. Today these institutions face growing criticism fo...
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