Much of the world turns on paper credentials. But the fact that these often aren’t worth the paper they’re printed on has been spotlighted by the accreditation scandal in the for-profit college business. Scores of campuses have been given a seal of approval by accreditation agencies despite coming under state or federal investigation for fraud.
The federal government is preparing to bring down the hammer on one of these toothless watchdogs. …
The ACICS case underscores the drawbacks of governmental outsourcing of its regulatory authority to outside agencies, especially self-regulatory bodies. These bodies often are dependent for revenue on the very institutions they oversee, which tends to file down their sharp teeth when confronted with the need to bite down hard on a fee-paying target. The phenomenon typically leads to abuses going unaddressed[.]
Giggity. Here's hoping they take a gander at the ABA.