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Setting Expectations for Founders. Setting and agreeing upon founder roles, responsibilities, contributions and ownership are not legal issues, but have an enormous impact on the company and legal matters going forward. Once set, these expectations become the blueprint for operating your company...

The Consumer Financial Protection Bureau continued its jurisdictional expansion April 17 when it issued a consent order against BloomTech Inc., which does business as Bloom Institute of Technology, a for-profit college for computer programming. According to the consent order, the school "offers...