American Viewpoints

Are College Students Getting Bad Deals By Predatory Financial Institutions?

Episode Summary

Ed Mierzwinski, the Senior Director of the Public Interest Research Group's Federal Consumer Program, argues that regulators and lawmakers should address financial processes that they say is a bad deal for college students. Beyond just on campus incentives to convince young people to sign up for credit cards, Mierzwinski says the problems includes the colleges/universities and financial institutions are not serving the students' best interests. Read PIRG's statement here: https://pirg.org/media-center/statement-new-cfpb-report-raises-concerns-about-banking-cards-on-u-s-campuses/