Issa plans hearing on scandal-ridden education regulation

[Geee]

Daily Caller:

Top GOP oversight official Rep. Darrell Issa of California is quietly planning a hearing on a scandal-ridden new regulation just finalized by the Education Department, according to a June 13 letter he sent to New York Democrat Rep. Edolphus Towns.

The move comes as Issa has been investigating a related Government Accountability Office (GAO) report that was plagued by errors and, according to some GAO officials, political interference from top-ranking Democratic Sen. Tom Harkin of Iowa.

It is also in response to a May 24 letter from Towns requesting a hearing. Towns’ letter walks through some of the numerous issues facing the regulation, including the role of a group of Wall Street short sellers who lobbied the Education Department hoping to profit from strict new rules on the for-profit college sector.

June 2, the Education Department finalized the regulation, which puts strict new rules on for-profit or “career” colleges. The regulations were intended to address concerns from critics the schools use high pressure sales techniques to lure unprepared students into enrolling.