Austen Allred, the CEO of Lambda School, now known as BloomTech, has been personally fined $100,000 by the Consumer Financial Protection Bureau (CFPB) for deceiving students and concealing loan costs. The CFPB has also ordered the cessation of collections from graduates. This action is part of a broader crackdown on the for-profit coding school, which has been accused of making false claims and misleading students about job placements and the nature of its financial offerings.