CFPB proposes new banking protections for college students

The Hill reports:

College students would be protected from dubious credit card, debit card and checking account offers under new recommendations from the Obama administration’s top consumer watchdog.

The Consumer Financial Protection Bureau (CFPB) is considering new guidelines to help colleges in selecting banks to partner with and offer financial services to their students.

The CFPB will publish a draft edition of the Safe Student Account Scorecard in Tuesday’s edition of the Federal Register, kicking off a public comment period.

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