CFPB Takes Aim at Prepaid, Debit Cards on College Campuses

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

By |2014-12-17T15:02:26-06:00December 17th, 2014|FDCPA|Comments Off on CFPB Takes Aim at Prepaid, Debit Cards on College Campuses

Sunshine for college credit card agreements

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 [...]

By |2017-05-20T11:45:15-05:00December 16th, 2014|News|Comments Off on Sunshine for college credit card agreements

College Chain Struggles Amid Federal Scrutiny, CFPB Lawsuit

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

By |2014-08-13T18:29:22-05:00August 13th, 2014|FDCPA|Comments Off on College Chain Struggles Amid Federal Scrutiny, CFPB Lawsuit

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