CARMEL, Ind., June 24, 2015 /PRNewswire/ -- Today,
Nicole Elam, vice president of
government relations and external affairs for ITT Educational
Services, issued the following statement in response to a letter
from Rohit Chopra, former student
loan ombudsman for the Consumer Financial Protection Bureau, to
investors dated June 24, 2015.
"Putting aside the troubling fact that Mr. Rohit Chopra is attempting to impact investors
of a publicly traded company with information he received while in
an official capacity at a U.S. governmental agency, his letter is a
perfect example of the myopic view pervading some in D.C. regarding
taxpaying educational institutions. The fact that he would
write such a letter to investors days after leaving the Consumer
Financial Protection Bureau trumpeting mere allegations against the
company demonstrates a personal bias against our institutions and
an unwillingness to allow for due process to work, the cornerstone
of the U.S. legal system. Allegations are not facts and we
think our investors will not take action based on simple assertions
from someone with an ideological axe to grind."
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SOURCE ITT Educational Services, Inc.