ITT Educational Services Inc., facing a federal lawsuit from the Consumer Financial Protection Bureau over alleged predatory student lending, has seen a large drop in its stock price and other woes amid tightening regulatory scrutiny of for-profit colleges nationwide.

Parent company ITT Technical Institute's stock price has fallen 75% this year and the company's CEO, Kevin Modany, recently announced his resignation. Also, a potential money-raising deal to sell some several of its properties fell through. ITT missed its 2013 full year and 2014 first quarter earnings results, as well as a summer deadline for filing its annual financial report with federal regulators, opening it up to potential sanctions from the U.S. Department of Education, including a cutoff of the federal student aid money that is its lifeblood.

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