181 Cash Management Regulations Overview

Monday, July 11, 2016: 2:45 PM-3:45 PM
Washington 1/2 (Marriott Wardman Park)
Session Type: Interest Sessions
Track: Regulatory Implementation Track
Audience: All
Credit Type: Credit Hours and Clock Hours
School Type: All Schools
This session will provide guidance about the final regulations that changed the requirements for institutions that partner with banks and servicers to offer debit cards, prepaid cards, student IDs with financial account capabilities, and similar products. Presenters will provide an overview of why these regulatory changes were necessary and will explain the new requirements for institutions including: limitations on fees, disclosure requirements, and limitations on sharing information. Presenters also will provide information about other changes, including confirming students’ eligibility, paying credit balances before seeking reimbursement from the Department of Education, including the cost of books and supplies in tuition, among other topics.
Jeff Scofield (Seattle University)
Nathan Arnold (U.S. Department of Education)
John Kolotos (U.S. Department of Education)