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Press Release
July 07, 2011

Federal Reserve releases report on college credit
card agreements
For immediate release
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The Federal Reserve Board on Thursday released a report that contains
2010 payment and account information about more than 1,000
agreements between institutions of higher education or affiliated
organizations and credit card issuers. The Board also updated an online
database that includes the full text of each agreement that was in effect
during 2010.
The Credit Card Accountability Responsibility and Disclosure Act of
2009 (Credit CARD Act) requires issuers to submit to the Board annually
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,
www.FederalReserve.gov/CollegeCreditCardAgreements, 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.
Report: PDF (2.5 MB) | HTML
For media inquiries, call 202-452-2955.

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Last Update: July 07, 2011

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BOARD OF GOVERNORS of the FEDERAL RESERVE SYSTEM
20th Street and Constitution Avenue N.W., Washington, DC 20551