As reported by the media on February 26, 2014, CFPB (Consumer Financial Protection Bureau) has filed a lawsuit against a for-profit education institution.

The court ruling will have significant consequences not only for other for-profit institutions, but also for its sister institutions (not-for-profit).  Moreover, if the court finds any inappropriate policies, the next questions would be what kind of consequences, either jail-time or monetary fines will be imposed to the institution or both?  If it is the jail-time, who will stay in the big house?  Would it be the School’s Board members, or the management (what level, president and its cabinet members?) or both or all?

This case may tell us that, in the future, being a president of a higher institution will be as riskier as any other management position at other industries.

Please let us know what do you guys think and why?