Bureau Seeks Comment on Scorecard to Help Schools Avoid Promoting Products with Tricks and Traps
WASHINGTON, D.C. —(ENEWSPF)–January 14, 2015. Today, the Consumer Financial Protection Bureau (CFPB) is seeking input on a “Safe Student Account Scorecard” that would help colleges to avoid partnering with financial institutions that offer checking and prepaid accounts with tricks and traps. The scorecard would help colleges access upfront information about fees, features, and sales tactics before agreeing to…
