College Credit Card Deals Fall as Banks Move Toward Debit, Prepaid
December 22, 2014
The CFPB’s annual report on college credit card agreements, released last week, found a nearly 70 percent decline in the number of agreements since Congress passed new disclosure requirements in 2009. According to the bureau, this indicates that marketing partnerships between colleges and financial institutions are moving away from credit cards towards other products such as debit and prepaid cards, which generally have fewer “sunshine” protections. …