U.S.
In the United States, federal and state authorities announce Education Management Corp., a company that enrolls more than 100,000 students at North American for-profit trade schools and colleges, agrees to pay $95.5 million to settle claims it illegally paid recruiters and exaggerated the career-placement abilities of its schools. EDMC also agreed to forgive $102.8 million in loans made to more than 80,000 former students.
Sources: AP Via Washington Post Los Angeles Times