News & Analysis as of

For Profit Education Consumer Financial Protection Act (CFPA)

Goodwin

CFPB and States Launch Enforcement Action Related to Student Loans

Goodwin on

​​​​​​​On July 13, 2023, the CFPB and various state attorneys general, along with California’s Department of Financial Protection and Innovation, filed an adversary proceeding against a sales training company for deceptive...more

Ballard Spahr LLP

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

Ballard Spahr LLP on

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....more

Burr & Forman

CFPB Receives Strategy Lesson—Court Holds it Overreached by Investigating For-Profit School Accreditation

Burr & Forman on

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...more

Ballard Spahr LLP

CFPB’s claims under CFPA survive challenge by for-profit education company but TILA claim held to be time-barred

Ballard Spahr LLP on

An Indiana federal court recently granted in part and denied in part the motion of ITT Educational Services, Inc. to dismiss the CFPB’s complaint. As we previously reported, the CFPB’s complaint alleged that ITT engaged in...more

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