March 14, 2014
On March 6, amid growing concerns that schools are receiving kickbacks from banks selling products and opening branches on their campuses, students at 20 campuses around the country delivered letters to their school’s administrators asking for increased disclosure about the details of these partnerships. Currently, colleges and universities are only… Read More»
Tags: and Disclosure Act, banks, campus, campus partnerships, campuses, CARD act, CFPB, college, college loans, consumer financial protection bureau, Credit Card Accountability, debt, Responsibility, schools, student debt, students, university
February 19, 2014
Have you ever suspected your school is receiving kickbacks from banks in exchange for promoting their products and services on campus? Turns out, they probably are. Last week, the Government Accountability Office (GAO) released a report expressing concerns over such partnerships between banks and universities, and they’re not alone. In… Read More»
Tags: campus partnerships, CARD act, CFPB, college loans, consumer financial protection bureau, credit cards, debt, Government Accountability Office, student debt, students
January 23, 2014
New York Governor Andrew Cuomo announced earlier this week that his newly established Student Protection Unit had subpoenaed 13 student debt relief companies for potential exploitation of debtors. As Cuomo’s office explained, “Any company trying to sell students a raw deal using misleading or deceptive practices should know that we’ll… Read More»
Tags: Andrew Cuomo, college loans, debt, debt relief, governor cuomo, new york, student debt, student loans, student protection unit