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ARTICLE · 24 JUNE 2016

CFPB Will Appeal Decision Blocking Its Investigation Into College Accreditation Organization

Troutman Pepper Locke LLP
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In August 2015, the CFPB issued a CID to the Accrediting Council for Independent Colleges and Schools, seeking information on the organization's accreditation process for for-profit colleges.

United StatesConsumer Protection
Lillian Macartney
Lillian Macartney
William Hurd
William Hurd
Stephen Piepgrass
Stephen Piepgrass
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In a case that looks at the statutory bounds of the Consumer Financial Protection Bureau's investigative authority, the CFPB announced that it plans to appeal a federal district court decision denying the agency's request to enforce a civil investigative demand, or "CID".

In August 2015, the CFPB issued a CID to the Accrediting Council for Independent Colleges and Schools, seeking information on the organization's accreditation process for for-profit colleges. ACICS resisted the demand, filing several administrative petitions to object to the CID, arguing that the request falls outside the authority of the CFPB. The CFPB then filed a petition in federal district court, seeking an order requiring ACICS to comply with the demand.

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