WASHINGTON The Consumer Financial Protection Bureau named 10 banks and credit unions on Wednesday that it claimed were not being transparent about their agreements with large universities to market financial products to students.
A Wednesday blog posting by Rohit Chopra, the CFPB's student loan ombudsman, said 10 out of 11 institutions that have partnerships with some of the largest universities have either not disclosed or partially disclosed their agreements online. Those banks included Capital One, Wells Fargo, U.S. Bank, Huntington Bank and PNC Bank.
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