February 21, 2014
Student Advocates Want U.S. Standards for College-Affiliated Debit Cards
Student and consumer advocates on Thursday urged the Education Department to set strict standards for college-affiliated debit cards, saying students are being steered into products that aren’t always in their best interest.
The advocates, who spoke during a negotiated-rule-making session here, asked the department to prohibit the co-branding of cards with colleges’ logos or mascots, arguing that such practices give the products the "imprimatur" of the institution. They