Big 10 Conference Goes 1-12 on CFPB’s Scoreboard
The CFPB looked at the public disclosure agreements of the financial partners of the 13 member schools of the Big Ten conference with financial partners. The bureau was satisfied with the publicly available contract of only one of the school-financial partner teams (go, Hawkeyes!). It is sending alerts to inform schools that "their bank partner has not yet committed to transparency when it comes to student financial products." It would seem unlikely that the CFPB will limit its attention to the Big Ten. [8/7/14]