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Author: Consumer Financial Protection Bureau (CFPB)
Publisher: CreateSpace
ISBN: 9781511400565
Category :
Languages : en
Pages : 116
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Book Description
The Credit Card Accountability, Responsibility and Disclosure Act ("CARD Act") requires the Consumer Financial Protection Bureau (CFPB) to submit to Congress, and to make available to the public, an annual report that lists information submitted to the Bureau concerning agreements between credit card issuers and institutions of higher education or certain organizations affiliated with such institutions. This report refers to these agreements as "college credit card agreements" or simply "agreements." Affiliated organizations include fraternities, sororities, alumni associations, or foundations affiliated with or related to an institution of higher education. Title III of the CARD Act contains a number of provisions designed to provide protections to college students and younger consumers. For example, the Act restricts the marketing of credit cards to college students on or near college campuses or at school-sponsored events by prohibiting the use of gifts or any tangible items to induce students to apply for credit cards. Section 305 of the CARD Act was intended to bring greater transparency to the college and university credit card market. Implementing regulations require that credit card issuers submit to the Bureau each year the terms and conditions of any college credit card agreement that was in effect at any time during the preceding calendar year between an issuer and an institution of higher education. This report is based on the information and agreements submitted to the Bureau by credit card issuers. The information is current as of the end of 2013.
Author: Consumer Financial Protection Bureau (CFPB)
Publisher: CreateSpace
ISBN: 9781511400565
Category :
Languages : en
Pages : 116
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Book Description
The Credit Card Accountability, Responsibility and Disclosure Act ("CARD Act") requires the Consumer Financial Protection Bureau (CFPB) to submit to Congress, and to make available to the public, an annual report that lists information submitted to the Bureau concerning agreements between credit card issuers and institutions of higher education or certain organizations affiliated with such institutions. This report refers to these agreements as "college credit card agreements" or simply "agreements." Affiliated organizations include fraternities, sororities, alumni associations, or foundations affiliated with or related to an institution of higher education. Title III of the CARD Act contains a number of provisions designed to provide protections to college students and younger consumers. For example, the Act restricts the marketing of credit cards to college students on or near college campuses or at school-sponsored events by prohibiting the use of gifts or any tangible items to induce students to apply for credit cards. Section 305 of the CARD Act was intended to bring greater transparency to the college and university credit card market. Implementing regulations require that credit card issuers submit to the Bureau each year the terms and conditions of any college credit card agreement that was in effect at any time during the preceding calendar year between an issuer and an institution of higher education. This report is based on the information and agreements submitted to the Bureau by credit card issuers. The information is current as of the end of 2013.
Author: Barry Leonard
Publisher: DIANE Publishing
ISBN: 1437941958
Category : Education
Languages : en
Pages : 35
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Book Description
Author: Ben S. Bernanke
Publisher: DIANE Publishing
ISBN: 1437989160
Category : Business & Economics
Languages : en
Pages : 44
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Book Description
Author: Alicia Puente Cackley
Publisher:
ISBN: 9781457853678
Category :
Languages : en
Pages : 42
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Book Description
Institutions of higher education, alumni groups, and other affiliated organizations may enter into agreements with credit card issuers for "college affinity cards," in which issuers use the institution's name or logo in exchange for payments. Separately, some credit card issuers offer "college student credit cards," which are expressly targeted to students. Partly in response to concerns about card issuer practices and rising student credit card debt, Congress passed the Credit Card Accountability Responsibility and Disclosure Act of 2009. The act includes consumer protections and requires disclosures specifically for consumers under the age of 21, including limits to on-campus credit card marketing and requirements for public disclosure of affinity card agreements. This report examines (1) trends associated with and characteristics of college affinity card agreements; (2) the extent of marketing for college affinity cards and college student credit cards; and (3) what is known about the effect of use of these cards on student credit card debt. Tables and figures. This is a print on demand report.
Author: U.s. Government Accountability Office
Publisher: Createspace Independent Publishing Platform
ISBN: 9781973957676
Category :
Languages : en
Pages : 42
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Book Description
" Institutions of higher education, alumni groups, and other affiliated organizations may enter into agreements with credit card issuers for "college affinity cards," in which issuers use the institution's name or logo in exchange for payments. Separately, some credit card issuers offer "college student credit cards," which are expressly targeted to students. Partly in response to concerns about card issuer practices and rising student credit card debt, Congress passed the Credit Card Accountability Responsibility and Disclosure Act of 2009. The act includes consumer protections and requires disclosures specifically for consumers under the age of 21, including limits to on-campus credit card marketing and requirements for public disclosure of affinity card agreements. The act mandates that GAO review these agreements and assess their effect on student credit card debt. This report examines (1) trends associated with and characteristics of college affinity card agreements, (2) the extent of marketing for college affinity cards and college student credit cards, and (3) what is known about the effect of use of these cards on student credit card debt. GAO analyzed data from the Federal Reserve and CFPB, including a sample of 39 affinity agreements filed by the issuers.
Author: Evalyn Linette Trent
Publisher: Nova Science Publishers
ISBN: 9781633211162
Category : College students as consumers
Languages : en
Pages : 0
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Book Description
A growing number of colleges and universities have entered into agreements with financial firms to provide debit and prepaid card services for students. As the number of agreements has grown, questions have arisen over fees and issues such as student choice. This book examines trends associated with and characteristics of college affinity card agreements; the extent of marketing for college affinity cards and college student credit cards; what is known about the effect of use of these cards on student credit card debt; the functions of college cards and the characteristics of schools and card providers offering the cards; and benefits and concerns regarding these cards.
Author: Evalyn Linette Trent
Publisher:
ISBN: 9781633211179
Category : Credit
Languages : en
Pages : 109
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Book Description
A growing number of colleges and universities have entered into agreements with financial firms to provide debit and prepaid card services for students. As the number of agreements has grown, questions have arisen over fees and issues such as student choice. This book examines trends associated with and characteristics of college affinity card agreements; the extent of marketing for college affinity cards and college student credit cards; what is known about the effect of use of these cards on student credit card debt; the functions of college cards and the characteristics of schools and card providers offering the cards; and benefits and concerns regarding these cards.
Author: United States. Congress. House. Committee on Financial Services. Subcommittee on Financial Institutions and Consumer Credit
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 136
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Book Description
Author:
Publisher: DIANE Publishing
ISBN: 1428946675
Category :
Languages : en
Pages : 78
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Book Description
Author: United States. General Accounting Office
Publisher:
ISBN:
Category : College students
Languages : en
Pages : 80
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Book Description
