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Inside Washington (07/07/2011)
* WASHINGTON (7/8/11)--The Federal Reserve Board Thursday released a report of the 2010 payment and account information from more than 1,000 agreements between institutions of higher education, or their affiliated organizations, and credit card issuers. The Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD Act) requires issuers to submit to the Fed every year their agreements with educational institutions or affiliated organizations, such as alumni associations. For each agreement, issuers are also required to submit information regarding payments made to the institution or organization and the number of accounts opened under the agreement. An online database provides the complete text of each agreement and the payment and accounts information submitted by issuers. Users may also search for agreements by card issuer, by educational institution or organization, or by the city or state in which the institution or organization is located ... * WASHINGTON (7/8/11)--The Consumer Financial Protection Bureau (CFPB) announced an agreement with the U.S. Army, Marine Corps, Navy, Air Force and Coast Guard to provide stronger protections for service members and their families in connection with consumer financial products and services. Military lawyers and the CFPB will work together to track consumer financial complaints from military families. “Service members and their families sacrifice a great deal for our country and they deserve advocates who will use every available resource to protect them from financial threats, said Hollister K. Petraeus, CFPB’s assistant director for the Office of Service Member Affairs. “Through this partnership and our other efforts, we will work to make sure that the days of military families being easy targets for predatory practices and unscrupulous lenders are a thing of the past” …


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