Agency to Offer ‘Scorecard’ on College-Affiliated Debit Cards for Students

By Charles Huckabee. The federal Consumer Financial Protection Bureau released on Wednesday the draft of a “Safe Student Account Scorecard” that it says will help colleges in their negotiations with financial institutions regarding college-affiliated debit cards and other financial services. The scorecard will enable colleges to avoid partnerships with institutions that offer accounts “with tricks and traps,” the bureau said in a news release. More...