Schools

Consumer Financial Protection Bureau Calls on Financial Institutions to Publicly Disclose Campus Financial Agreements

Bureau Finds a Continued Decline in College Credit Card Agreements

WASHINGTON, D.C.—(ENEWSPF)—December 17, 2013. Today, the Consumer Financial Protection Bureau (CFPB) called on financial institutions to publicly disclose agreements with colleges and universities to market debit, prepaid, and other products to students. Currently, institutions only make these disclosures about college credit cards. The CFPB also released its annual report on college credit card agreements, which showed a decline of 23 percent in college agreements from…

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