Tabs

Bank/Thrift Supervision   |    Capital    |    CFPB    |    Deposit Insurance    |    Interchange    |    Mortgage Finance
Municipal Advisors   |    OCC-OTS Merger   |    Preemption    |    QM - QRM    |    Swaps   |    Volcker Rule    |    Full Topics List
 
Qualified Mortgage - Qualified Residential Mortgage
Swaps
Consumer Financial Protection Bureau - CFPB
Bank/Thrift Holding Company Supervision
Capital
Deposit Insurance
Interchange
Mortgage Finance
Municipal Advisors
OCC-OTS Merger
Preemption
Volcker Rule
Corporate Governance
Financial Stability Oversight Council (FSOC)
Appraisals
Office of Financial Research (OFR)
Systemic Risk
Supervision and Oversight
Payment, Clearing and Settlement
Prudential Supervision
Trust & Securities
Asset-Backed Securities
Resolution Authority

Monday, September 30, 2013

Congressional Democrats Scrutinize Campus Banking

Seven Democratic senators and representatives on Thursday wrote to the CEOs of nine banks requesting information about on-campus banking services for college students. The members of Congress expressed concern that some financial institutions offer incentives to colleges to gain access to potential customers.

The members asked the banks to list higher ed institutions with which they have account enrollment or co-branding agreements; to furnish the number of such accounts opened and the sum of fees collected from those accounts for the past three years; to supply the value of any consideration, monetary or otherwise, for making these agreements; and to disclose whether any bank representative had given gifts over $10 to a college official as part of a marketing strategy.

No comments:

Post a Comment

Please read our comment policy before making a comment.