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Volume 25 - Number 01

January 6, 2014

CFPB Calls for Public Disclosure Of Collegiate Marketing Deals

The CFPB called on financial institutions last month to publicly disclose agreements they have with colleges and universities to market debit, prepaid, and other products to students – even as the agency noted a continued decline in college credit card agreements. Currently, institutions only make the desired disclosures about college credit cards. The bureau is particularly apprehensive about what it characterizes as the lack of transparency regarding the marketing partnerships between colleges and lenders. “Students and...

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