Posts tagged ACICS.
The CFPB received a lesson in the importance of specificity on April 21st when the United States District Court for the District of Columbia's Judge Richard J. Leon found that it overreached in its attempt to enforce a Civil Investigative Demand ("CID") it served on the Accrediting Council for Independent Colleges and Schools ("ACICS").
The Opinion warned the CFPB to be "especially prudent before choosing to plow head long into fields not clearly ceded to them by Congress". Yet the takeaway for the CFPB is likely one related to the editing of its CID language rather than a true ...
Posted in: CFPB
Tags: ACICS, cfpb, Consumer Finance Litigation, Consumer Finance Litigation & Arbitration, Consumer Finance Litigation blog, for-profit schools