College credit card agreements
The Truth in Lending Act, as amended by the Credit Card Accountability Responsibility and Disclosure (CARD) Act of 2009, requires the collection and public disclosure of contracts or other agreements between card issuers and institutions of higher education or affiliated organizations for the purpose of marketing a credit card and defines requirements related to marketing open-end credit to college students. It requires card issuers to submit these contracts or other agreements to the CFPB and information regarding the number of accounts and payments made by issuers to institutions of higher education, or other related entities, with respect to any college student credit card issued at such institutions.
College credit card annual reports to Congress
The CFPB is required to submit to Congress, and make available to the public, an annual report that lists the information concerning credit card agreements submitted by each institution of higher education, alumni organization, or foundation.
College credit card agreements and data
As required by the CARD Act of 2009, the CFPB collects information annually from credit card issuers who have agreements with universities, colleges, or affiliated organizations such as alumni associations, sororities, fraternities, and foundations. The CFPB maintains publicly accessible files of the collected information.