CFPB Begins Probe of Financial Products Offered Through Colleges
February 11, 2013
Providers of financial products to college students are going under the CFPB’s magnifying glass. The bureau has begun an inquiry into the effect of financial products marketed to students through colleges and universities in an attempt to determine if such arrangements are in the best interest of students. Products being scrutinized include bundled or co-branded student identification cards that double as debit cards, cards used to access scholarships and student loans, and school-affiliated bank accounts. In its notice and request for...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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