College Credit Card Agreements Continue to Decline

From Inside Higher Ed:

The number of colleges that partner with financial institutions to offer credit cards has dropped by nearly 70 percent since 2009, according to new data from the Consumer Financial Protection Bureau. The consumer bureau on Monday released its annual report disclosing which colleges have arrangements with credit card providers to offer their products on campuses or to other university-affiliated groups. By the end of 2013, the report says, there were 336 agreements in effect, compared with the 1,045 agreements in 2009 when Congress first required public disclosure of the contracts.

Read the full story here.

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