WASHINGTON The Consumer Financial Protection Bureau has its sights set on prepaid and debit cards offered to college students as such products are filling the gaps left by credit card issuers which have largely left the space, according to a study released by the agency Monday. Collection & Credit Risk
Today, we’re releasing a report that looks at deals between financial institutions and colleges to market credit cards to students. Congress requires credit card companies to provide data on these agreements to the CFPB each year, and further requires the CFPB to look at these arrangements in an annual report. This year we found that [...]
ITT Educational Services Inc. has seen a large drop in its stock price and other woes amid a Consumer Financial Protection Bureau lawsuit and tightening regulatory scrutiny of for-profit colleges nationwide. Collections - Other Consumer
The credit card issuer is looking to build its campus business at a time when other banks' relationships with college and universities are facing regulatory threats. Collections - Credit Card
