ITT Educational Services has filed a court motion to dismiss a complaint the Consumer Financial Protection Bureau (CFPB) lodged against the for-profit chain in February. In its first enforcement action against the sector, the CFPB accused ITT of predatory lending and other abusive practices.
However, the lawsuit filed this week by ITT claims the bureau has overstepped its statutory authority. More broadly, the for-profit claimed the CFPB's enforcement approach lacks due process and is unconstitutional.
- White House Group Urges Caution on Big Data
- U.S. names colleges under investigation for sexual assault cases
- Colleges try new approaches to post-tenure review
- Accusations of sexual harassment at a seminary lead to accreditor visit
- GOP Lawmakers Slam CFPB Probe Involving Accreditation
- Wells Fargo Faces CFPB Inquiry on Student Loan Servicing
- CFPB Chief Defends Investigation Involving College Accreditation
- Accreditor Fight With CFPB Moves to Federal Court
Search for Jobs