A Minnesota state senator who filed for bankruptcy was relieved of $840,00 in debt last year, including $613,000 owed to the U.S. Small Business Administration. more »
"Our goal is to help students get the best deal available on these kinds of products," said CFPB Director Richard Cordray.
The Consumer Financial Protection Bureau said Wednesday it is seeking comment on a so-called "safe student account scorecard" that colleges could use to see how banks structure the fees, features and "sales tactics" of financial products to students before forming a partnership. more »