{"database": "press", "table": "releases", "rows": [["https://www.reed.senate.gov/news/releases/reed-statement-on-report-of-abusive-practices-in-on-campus-student-banking", "Reed Statement on Report of Abusive Practices in On-Campus Student Banking", "2016-12-16", "2016", "2016-12", "Democrat", "House", "RI", "Jack Reed", "R000122", "www.reed.senate.gov", null, null, "legacy", "12/16/2016\u00a0\u2014\u00a0WASHINGTON, DC \u2013\u00a0U.S. Senator Jack Reed (D-RI), a senior member of the Senate Banking, Housing, and Urban Affairs Committee, issued the following statement after the Consumer Financial Protection Bureau (CFPB) released a report finding that some marketing deals between big banks and institutions of higher learning have led to costly fees and financial risks for students:\r\n\u201cCollege students are being taken advantage of and it\u2019s got to stop.\u00a0 Despite Department of Education regulations to curb abusive practices in student banking on campus, the Consumer Financial Protection Bureau\u2019s latest report shows that some\u00a0college administrators are not putting students\u2019 financial interests first when negotating deals with banks.\u00a0\r\n\u201cLast month, I sent a\u00a0letter\u00a0to the Secretary of Education asking for information about enforcement of the cash management rules that require colleges and universities to put students first in negotiating college-sponsored banking products.\u00a0 We invest billions of dollars in student financial aid so that talented students can afford college.\u00a0 We expect that colleges will safeguard this investment and put students first.\u201d\n\t\t\n\t\t\t\n\t\t\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\tPrint\n\t\t\n\t\t\n\t\t\t\n\t\t\tEmail\n\t\t\n\t\t\n\t\t\t\n\t\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\t  \n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\tTweet", 1, "2026-03-30T12:14:52Z", "2026-03-30T12:14:52Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://www.reed.senate.gov/news/releases/reed-statement-on-report-of-abusive-practices-in-on-campus-student-banking"], "units": {}, "query_ms": 0.752612017095089, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}