MCUL Comments on CFPBs RFI on Financial Products Marketed to Students 

On March 18, MCUL & Affiliates responded to the CFPB’s request for information on financial products marketed to students. MCUL pointed out credit unions’ long and successful history of serving the needs of their members that often begins with student savings accounts and programs that assist young children to learn the importance of saving for their future. MCUL cautioned the CFPB to keep in mind that access to financial services and the opportunity to build good credit in a safe and regulated environment is extremely important. As with all of their members, credit unions strive to educate student-members on the benefits and pitfalls that college students face with regard to financial products. The CFPB’s request for comment can be found here.

 


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