Attorney General Phil Weiser today announced a settlement with Climb Investco LLC, a private education lender, resolving allegations that the company misled Colorado consumers about the quality of the educational programs it financed.
“Climb deceived students by claiming it had vetted the schools it financed, when in fact it had not,” said Attorney General Weiser. “This kind of misrepresentation undermines trust and puts students at risk. We will not allow lenders to mislead students into taking on debt for programs that may not deliver on their promises.”