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Student banking and college credit card marketing agreements

Institutions of higher education play a critical role in supporting and promoting students’ overall financial health and well-being. A growing body of evidence suggests that relatively small financial shocks may cause acute financial hardship for students, potentially derailing their academic pursuits.

The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 instructs the Bureau to monitor for risks to consumers in the offering or provision of consumer financial products or services, particularly when those products pose a disproportionate risk to traditionally underserved populations.

Student banking reports to Congress

These reports monitor the growth and impacts of financial products offered by or in conjunction with colleges, specifically focusing on marketing agreements for college-sponsored deposit and prepaid accounts and college-sponsored credit cards.

College credit card marketing agreements and data

As required by the Credit CARD Act of 2009, we collect information annually from credit card issuers who have marketing agreements with universities, colleges, or affiliated organizations such as alumni associations, sororities, fraternities, and foundations. We maintain publicly accessible files of the agreements.