New Limits on Campus Banking Products Likely, Pros Believe
October 7, 2013
The CFPB held a forum in Washington, DC, recently on campus banking that featured some clues about likely forthcoming regulatory requirements for lenders that provide such services. One initial finding provided at the event was that arrangements between financial institutions and institutions of higher education on many student banking products are not well understood. Another was that affinity products those co-branded by a lender and an educational institution do not always have more competitive features...