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Students Debit Cards

Ballard Spahr LLP

Department of Education proposal on campus financial products expected in July

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We recently commented that financial institutions offering financial products to college students, including debit or prepaid cards, under agreements with colleges should be planning now for the possible advent of new...more

Ballard Spahr LLP

Elizabeth Warren and other congressional members urge rulemaking by the Department of Education re: regulating college/bank...

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On April 22nd, Senator Warren, nine other Senators, and 14 members of Congress sent a letter (the “Letter”) to Secretary of Education Duncan urging that the Department of Education (DOE) exercise its rulemaking authority to...more

Davis Wright Tremaine LLP

College Debit Cards

PLA today posts the GAO’s report, issued last month, analyzing the market for college debit cards and expressing concern about “students’ access to no-fee ATMs, schools’ influence over students’ banking and payment choices,...more

Ballard Spahr LLP

Is the CFPB now the BMOC?

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Last week, the CFPB muscled its way on campus, announcing that it will be looking at the impact of financial products marketed to students through their colleges and universities....more

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