CFPB’s Proposed “Safe Student Account Scorecard” Assumes All Students are the Same

Trade groups tell the CFPB that its proposed "Safe Student Account Scorecard" approach, which would be used by colleges and universities to select financial institution partners, would drive institutions to offer a particular type of deposit program that is "one-size-fits-all." Schools should be able to partner with financial institutions that can offer an array of financial products to meet diverse needs of students. [3/31/15]