JOURNAL ARTICLE

CFPB Issues Report on School Lunch Junk Fees.

  • Published In: Business Law Today, 2024. P. 30 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Mogilnicki, Eric; Howell, Brandon 3 of 3

Abstract

The Consumer Financial Protection Bureau (CFPB) has released a report on the costs and risks associated with using electronic payment platforms to add money to school lunch accounts. The report highlights that while cashless payment systems can reduce administrative costs for school districts, they may result in increased costs for students and their families. The report also raises concerns about limited competition among payment processors, which allows for high fees and disproportionately affects low-income families. The CFPB hopes that the report will help school districts avoid contracts with financial firms that impose excessive fees on families purchasing school lunch. [Extracted from the article]

Additional Information

  • Source:Business Law Today. 2024/07, p30
  • Document Type:Article
  • Subject Area:Education
  • Publication Date:2024
  • ISSN:1059-9436
  • Accession Number:179113237
  • Copyright Statement:Copyright of Business Law Today is the property of American Bar Association and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Looking to go deeper into this topic? Look for more articles on EBSCOhost.