How Trump, DeVos And Mulvaney Help Banks And Colleges Steal From Students
The Trump Administration hid a study documenting financial abuse of students by some banks working hands-in-glove with colleges, the latest example of how instead of “draining the swamp” Donald Trump is turning official Washington into a paradise for swamp monsters.
The suppressed fee gouging report was made by the Consumer Financial Protection Bureau or CFPB.
Students attending colleges which have marketing agreements with banks and other financial institutions paid much higher overdraft and account fees than students at schools with no such deals, the study found.
“Wells Fargo charged students the most of all those with college campus marketing agreements—an average of $46.99 per account per year, while banks without such deals charged students an average of $11.93 in fees,” Kate Berry of American Banker reported.
https://www.dcreport.org/2018/12/11/how-trump-devos-and-mulvaney-help-banks-and-colleges-steal-from-students/
