Coding bootcamp Lambda School — now BloomTech — is finally getting punished

In 2020, we wrote how coding bootcamp Lambda School seemed like a bit of a bait-and-switch. Four years later and one rebranding to “BloomTech” later, the US Consumer Financial Protection Bureau (CFPB) is finally slapping it on the wrist — it’s permanently banning it from issuing any more student loans, fining the company and its CEO $164,000, and releasing some students from some of their debt.

Why? Among other deceptive practices, the “Bloom...