A group of national accreditors is seeking to weigh in on thedispute between the Consumer Financial Protection Bureau and the Accrediting Council for Independent Colleges and Schools over whether that controversial accrediting organization has to hand over records to the consumer bureau.
Five national accrediting agencies and the Council for Higher Education Accreditation, which advocates for accreditation on behalf of colleges and universities, last week asked the federal judge in the case for permission to file a friend of the court brief.
The brief argues that the CFPB does not have the power to compel records from ACICS, which accredited campuses of the now-defunct Corinthian Colleges, and that any CFPB inquiry into an accreditor threatens the integrity of the accreditation process.
Read more at Inside Higher Ed: https://www.insidehighered.com/quicktakes/2016/01/19/accreditors-seek-challenge-consumer-bureaus-power