accrediting

D.C. Circuit affirms denial of CFPB petition to enforce CID issued to college accrediting organization

By Ballard CFS Group on April 24, 2017

Posted in CFPB Enforcement, Regulatory and Enforcement

The D. C. Circuit has affirmed the D.C. federal district court’s April 2016 denial of the CFPB’s petition to enforce a CID issued to the Accrediting Council for Independent Colleges and Schools (ACICS) in August 2015.

After denying ACICS’s petition to modify or set aside the CID in October 2015, the CFPB filed a petition in D.C.… Continue Reading

Court declines to enjoin Dept. of Education termination of recognition status of college accrediting organization challenging CFPB CID

By John L. Culhane, Jr. on February 23, 2017

Posted in CFPB Enforcement, Regulatory and Enforcement

In December 2016, the Secretary of Education issued a decision adopting the decision of the Department of Education’s Senior Department Official terminating and withdrawing the Department’s recognition of the Accrediting Council for Independent Colleges and Schools (ACICS) as a nationally recognized accrediting agency. Earlier this week, the D.C. federal district court denied ACICS’ motion for temporary restraining order and preliminary injunction. … Continue Reading

D.C. Circuit hears oral argument on CFPB authority to issue CID to college accrediting organization

By Barbara S. Mishkin on February 8, 2017

Posted in CFPB Enforcement, Regulatory and Enforcement, Student Loans

Last week, the D. C. Circuit held oral argument in the CFPB’s appeal from the D.C. federal district court’s April 2016 ruling that the CFPB exceeded its statutory authority when it issued a CID to the Accrediting Council for Independent Colleges and Schools (ACICS) in August 2015.

After denying ACICS’s petition to modify or set aside the CID in October 2015, the CFPB filed a petition in D.C.… Continue Reading

D.C. Circuit to hold Feb. 2 argument on CFPB authority to issue CID to college accrediting organization

By John L. Culhane, Jr. on December 15, 2016

Posted in CFPB Enforcement, Regulatory and Enforcement

The D.C. Circuit will hear oral argument on February 2, 2017 on the CFPB’s appeal from the D.C. federal district court’s April 2016 ruling that the CFPB exceeded its statutory authority when it issued a CID to the Accrediting Council for Independent Colleges and Schools (ACICS) in August 2015.

After denying ACICS’s petition to modify or set aside the CID in October 2015, the CFPB filed a petition in D.C.… Continue Reading

CFPB files petition in D.C. federal court to enforce CID issued to college accrediting organization

By John L. Culhane, Jr. on November 11, 2015

Posted in CFPB Enforcement, Regulatory and Enforcement

On October 29, 2015, the CFPB filed a petition in D.C. federal court to enforce the CID it issued on August 25, 2015 to the Accrediting Council for Independent Colleges and Schools (ACICS).

ACICS’ petition to modify or set aside the CID was denied by the CFPB on October 8. (According to the CFPB’s petition to enforce the CID, ACICS filed a motion to reconsider the denial with the CFPB and was notified by the CFPB that such a motion is not permitted by the CFPA or CFPB regulations.)… Continue Reading

Director Cordray defends CFPB authority to investigate college accrediting organization

By John L. Culhane, Jr. on November 5, 2015

Posted in CFPB Enforcement, Regulatory and Enforcement

Director Cordray is reported to have defended the CFPB’s authority to investigate a college accrediting organization at a recent Politico event.

On October 8, 2015, the CFPB issued a decision and order denying the petition of the Accrediting Council for Independent Colleges and Schools (ACICS) to modify or set aside the CID issued by the CFPB. … Continue Reading