STATEMENT BY CECU REGARDING THE FEDERAL TRADE COMMISSION'S ANNOUNCEMENT THAT IT IS RESURRECTING USE OF ITS PENALTY OFFENSE AUTHORITY

Arlington, VA -- CECU President and CEO, Dr. Jason Altmire, released the following statement on today’s FTC announcement that it is resurrecting use of its Penalty Offense Authority under Section 5 of the FTC Act:
 
“The FTC announcement includes no findings of wrongdoing at any for-profit institution. Publicly announcing that it is sending warning letters to 70 of the largest for-profit institutions arbitrarily impugns the integrity of institutions that are in full compliance with FTC regulations. We were also surprised that only for-profit institutions will be subjected to these enhanced civil monetary penalties, while other bad actors under the FTC’s jurisdiction will not be held to the same standard.”

###

Please direct media inquiries to Jenny Faubert, Vice President of Communications at Jenny.Faubert@career.org