CFPB: Campus Credit Cards Continue to Decline
Credit cards offered in conjunction with colleges, universities and affiliated organizations have continued to decline…
Credit cards offered in conjunction with colleges, universities and affiliated organizations have continued to decline…
As the Department of Education conducts the regulatory review mandated by President Trump, ABA and the Consumer Bankers Association yesterday urged the department to revisit the overly expansive final rule targeting campus bank accounts that the Obama administration finalized in October 2015.
Credit cards offered in conjunction with colleges, universities and affiliated organizations have continued to decline since the CARD Act was enacted in 2009, the Consumer Financial Protection Bureau said in a report today.
Credit cards offered in conjunction with colleges, universities and affiliated organizations have continued to decline since the CARD Act was enacted in 2009, the Consumer Financial Protection Bureau said in a report today.
The Department of Education yesterday finalized a rule that would limit the kinds of arrangements colleges can make with banks that disburse funds to students from federally guaranteed student loans.
House Financial Services Committee Chairman Jeb Hensarling (R-Texas) yesterday wrote to the Department of Education challenging its proposed rule that includes some provisions regulating campus bank accounts.
A proposed rule from the Department of Education regulating Title IV student aid credit balances includes provisions regulating campus bank accounts that may harm the students who benefit from these accounts, ABA and two other financial trade groups said in a comment letter on Thursday.
The Department of Education today published a proposed rule that would limit the kinds of arrangements colleges can make with banks that disburse funds to students from federally guaranteed student loans.
Colleges should be able to work with banks to offer a flexible array of deposit products to their students, ABA and the Consumer Bankers Association told the Consumer Financial Protection Bureau today. The associations responded in a letter to the bureau’s draft “scorecard” for “safe” financial products to be offered on college campuses, such as