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March 1, 2013
06:49 EDTBPIBridgepoint Education retains HLC accreditation for now, says William Blair
William Blair notes that one of Bridgepoint's accreditors, the Higher Learning Commission, or HLC, has enabled the company's Ashford University to retain regional accreditation while the company attempts to obtain approval from another accreditor, WASC. The firm thinks that the HLC's decision will allow Bridgepoint to focus on meeting WASC's criteria, although it expects the stock to remain range bound until June 2013. It maintains a Market Perform rating on the shares.
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August 14, 2015
07:19 EDTBPIBridgepoint Education says received civil investigative demands from CFPB
Bridgepoint Education said in a regulatory filing that on August 10, the company and Ashford University received from the Consumer Financial Protection Bureau Civil Investigative Demands related to the CFPB's investigation to determine whether for-profit post-secondary-education companies or other unnamed persons have engaged in or are engaging in unlawful acts or practices related to the advertising, marketing or origination of private student loans. At June 30, the company had $9.1M of net outstanding loans made from its institutions to their students. The company and Ashford University expect to provide documents, testimony and other information to the CFPB, and cannot predict the eventual scope, duration or outcome of the investigation at this time.

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