D.C. Circuit Finds CFPB’s Investigative Demand On Accrediting Group Unenforceable

Mealey's (April 24, 2017, 1:19 PM EDT) -- WASHINGTON, D.C. — Affirming a trial court’s ruling, a District of Columbia Circuit U.S. Court of Appeals panel on April 21 found an investigative demand served by the Consumer Financial Protection Bureau (CFPB) on a college accreditation organization to be unenforceable because it did not comply with the notification requirements of the Consumer Financial Protection Act (CFPA) (Consumer Financial Protection Bureau v. Accrediting Council for Independent Colleges and Schools, No. 16-5174, D.C. Cir., 2017 U.S. App. LEXIS 6966)....