Business Excellence Awards
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BOSTON – Attorney General Martha Coakley announced last month new regulations that enhance consumer protections governing the for-profit and occupational school industry.
The regulations, published in the Massachusetts Register, will help ensure that all schools engage in “legitimate and responsible business practices that both protect consumers from harm, and help them make well-informed decisions before taking on student debt,” according to a statement.
The new regulations require all for-profit and occupational schools in Massachusetts to provide accurate information to the public, prohibit misleading advertising practices and address unfair lending practices. Coakley’s office also worked with other relevant stake regulators, including the Mass. Division of Professional Licensure and the Mass. Board of Higher Education, to ensure consistency across all state regulations. •