Bridgepoint Settles With Iowa Attorney General

Bridgepoint Education on Friday announced in a corporate filing that it would pay $7.25 million to Iowa's attorney general for consumer restitution and fees related to an investigation of Ashford University, which the for-profit chain owns. The office of the attorney general, Tom Miller, had been investigating whether Ashford had violated the state's consumer protection laws. The university did not admit any wrongdoing as part of the agreement.