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Consumer Group Criticizes State Oversight of For-Profits

Consumer Group Criticizes State Oversight of For-Profits
December 2, 2011

Inadequate and diluted resources at the state regulatory level have led to lax oversight of for-profit colleges, according to a new report from the National Consumer Law Center, and those regulatory gaps have contributed to fraud and other problems. The Boston-based consumer advocacy group found that regulators are often understaffed, particularly in Delaware, Massachusetts, Oklahoma, Washington and Wyoming. The report also claims state for-profit supervisory boards often include industry representatives, sometimes even a majority hailing from for-profits, which is a conflict of interest that gives the industry "undue influence."

 

 

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