The Federal Reserve's most recent report about cards issued in affinity with colleges and universities has shown how the overall college and university affinity market has contracted slightly over the last year but also provided credit unions with card-issuing opportunities.
The 2009 Credit Card Accountability, Responsibility, and Disclosure Act mandated the Fed's annual Report to Congress on college card agreements.
The report flows from the CARD Act requirement that institutions that issue cards in conjunction with a university or college have to provide a copy of the issuer agreement with the institution as well as the number of accounts flowing from the agreement and their overall balances.
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