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Friday, November 2, 2012

CFPB Launches College Credit Card Agreement Database

The CFPB recently released the 2012 Annual Report to Congress on College Credit Card Agreements, as well as a database of individual agreements. The report shows that the majority of college credit card agreements are between issuers and affiliated organizations, such as fraternities, sororities, alumni associations, or foundations affiliated with or related to an institution of higher education.

The data shows that from 2009-2011 the number of agreements, total number of accounts open at year-end, amount of payments by issuers to the university, and number of new card accounts opened during the year all declined.

Read the 2012 College Credit Card Agreements Annual Report to Congress.
View the College Credit Card Agreements Database.

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