Education Dept. Proposes Reining In Deals Between Colleges and Banks

By Andy Thomason. The U.S. Education Department on Friday proposed new regulations aimed at reining in agreements between colleges and banks that want to market their products to students. The proposed rules, scheduled for publication in Monday’s Federal Register, represent the Obama administration’s latest effort to curb those agreements, which can leave students on the hook for fees they may have incurred unintentionally. More...