It irks me that the College board has so much power and influence.
Yes, I agree with that. Huge amounts of power, lots of fees.
Good time for a hooray for colleges who have gone SAT/ACT free
http://fairtest.org/university/optionalIn a free market with less government interference, standardized tests would likely be even MORE important. College has largely become a credentialing scam that employers use in lieu of IQ-like tests. They can't use IQ tests directly because of "disparate impact" -- blacks and Hispanics score below Asians and whites.
This theory is discussed in the paper "The Law of Unintended Consequences Revisited: The Case of Ricci v. DeStefano"
http://www.centerforcollegeaffordability.org/uploads/Amicus.pdf .