Bridgepoint Education, the parent company of Ashford University, announced in a corporate filing last week that it has received a second subpoena from the U.S. Securities and Exchange Commission.
The subpoena is related to investigations by the California attorney general's office and the Consumer Financial Protection Bureau. The SEC is also requesting documents and information related to the company's scholarship and institutional loan programs and other extensions of credit made by Bridgepoint to students, as well as enrollment and retention details.