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
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D.C. Circuit hears oral argument on CFPB authority to issue CID to college accrediting organization
By Barbara S. Mishkin on
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
CFPB lacked authority to issue CID to college accrediting organization, D.C. federal district court rules
By John L. Culhane, Jr. on
Posted in CFPB Enforcement, Regulatory and Enforcement
The D.C. federal district court has ruled 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.
ACICS’s petition to modify or set aside the CID was denied by the CFPB on October 8, 2015, and the CFPB thereafter filed a petition in D.C.… Continue Reading