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CFPB’s foothold slips with CID dismissal
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Case Law
Tuesday, April 26, 2016
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The U.S. District Court for the District of Columbia held that the Consumer Financial Protection Bureau does not have the statutory authority to generally investigate a for-profit school accreditor’s process simply because the bureau also is investigating the lending practices of for-profit schools. The court has set aside a civil investigation demand. Read on to find out why.
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