Registrations will be accepted on a first-come, first-served basis. If you are a senior level creditor involved in collection and recovery, and are interested in receiving an invitation, please contact us at (562) 906-1101 or E-Mail: CRS@resourcemanagement.com. For more information on the Collection and Recovery Solutions 2019 conference, please visit us at www.crs2019.com.
College-sponsored bank accounts charge students substantial and “legally dubious fees,” a new report from the Consumer Financial Protection Bureau (CFPB) revealed. The report covers some 573 colleges during the 2016-2017 Award Year that were in marketing agreements with banks to promote services to students. Schools were awarded payments on a per-account basis, including a fixed amount for each student, or annual payments based on the total number of students using an account. The report raises concerns about these marketing agreements between banks and schools, questioning whether the deals bring a “conflict of interest” and result in higher-fee products.