From: The National Law Journal
The Consumer Financial Protection Bureau on Monday urged a federal appeals court to let the agency revive an investigation into an accreditor of for-profit colleges after a trial judge scuttled the probe and scolded the agency for straying outside its jurisdiction.
U.S. District Judge Richard Leon in April said the CFPB lacked authority to investigate the college accreditation process, striking down an administrative subpoena the agency issued to the Accrediting Council for Independent Colleges and Schools. Leon said the CFPB chose to “plow [headlong] into fields not clearly ceded to them by Congress.”