U.S. Consumer Bureau Seeks Comment on College Finance Products
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The U.S. Consumer Financial Protection Bureau is seeking input on the impact of financial products marketed to students through colleges and universities, the agency said in an e-mailed statement today.
“We have seen many colleges establish relationships with financial institutions to offer banking services to their students,” Richard Cordray, the bureau’s director, said in the statement. “The bureau wants to find out whether students using college-endorsed banking products are getting a good deal.”