Students are paying millions in dubious debit card fees
To the Department of Education:
There is ample evidence that banks are charging students with campus debit cards exorbitant fees. Debit cards should rarely have any fees at all, and yet some college students who are already strapped for cash are paying almost three times more than their peers.
This is likely in violation of the 2015 "cash management" rules. We're calling on you to investigate these debit card relationships between banks and schools and hold institutions accountable if they're in violation of these rules.