"The number of colleges overseen by ACICS has shrunk dramatically since 2016, when the Obama administration's decision to yank approval led many institutions to seek recognition elsewhere; other college chains overseen by ACICS have abruptly closed their doors."
https://www.insidehighered.com/news/2019/08/02/trump-administrations-regulatory-overhaul-wipes-out-shortcomings-troubled-accreditor