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College credit card report shows market size down, competition up
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Tuesday, December 23, 2014
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Under the Dodd-Frank Act, the Consumer Financial Protection Bureau must compile a report pursuant to the Credit Card Accountability Responsibility and Disclosure Act of 2009, evaluating the credit card agreements between universities, their affiliates and credit card companies. This year’s report shows a continuing trend of declining credit card agreements despite more issuers entering the market. Read on for a break-down of the numbers.
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