15 Groups Comment on the CFPB’s Request for Information on Safe Student Account Scorecard
Fifteen consumer, student, civil rights, and legal aid groups co-signed a letter to Consumer Financial Protection Bureau Director Richard Cordray in response to the agency's Request for Information about the Student Safe Account Scorecard. The organizations supported the Scorecard and stated: Colleges and universities must begin to put the best interest of students first when negotiation with banks and prepaid card issuers The Student Safe Account Scorecard is a voluntary tool for schools to use in their bidding process with financial institutions The Scorecard would help schools select safe...