CFPB Duels With Accreditor

February 24, 2016
  • Industry News

As college accreditors face growing scrutiny in Washington, it’s not just the U.S. Department of Education and Congress taking aim at how those organizations green-light colleges.

The Consumer Financial Protection Bureau’s ongoing legal battle with an accrediting organization that oversees many for-profit colleges is charting new territory, which experts said could have major implications for the federal government’s role in accreditation.

The consumer bureau is investigating what it has described as possible illegal activities "in connection with accrediting for-profit colleges." As part of that investigation, the bureau last summer demanded information from the Accrediting Council for Independent Colleges and Schools (ACICS) about its approval of some for-profit colleges.

Read more at Inside Higher Ed: https://www.insidehighered.com/news/2016/02/24/major-implications-possible-cfpb’s-legal-battle-accreditor-over-profits