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Elizabeth Warren Says Accreditor Of For-Profit Colleges Has “Dismal Record Of Failure”

Only days after a report found that an organization responsible for accrediting a number of for-profit colleges  had engaged in a “pattern” of providing approval to schools with bad track records, resulting in these colleges receiving nearly $6 billion in federal funds, Sen. Elizabeth Warren is joining the chorus of voices calling on the Department of Education to take action.


Let's Perma-Ban Consumer Predators

Let's Perma-Ban Consumer Predators

Regulating consumer predators is a bit like Whac-a-Mole. No matter how many times you put the bad guys out of business, they keep popping up again and again. Maybe it is time to consider a lifetime ban from financial services for the worst offenders. The Consumer Financial Protection Agency proposed by the President may be just the right watchdog for the job of handing out such banishments.