A recent report about universities’ banking partners is raising eyebrows at colleges that encourage students to bank with a particular company.
... Most Virginia schools do not have a particular banking partner for students, though most do partner with companies to offer affinity credit cards for alumni. The Bank of America is the partner of both the University of Mary Washington alumni association and the University of Virginia’s alumni association. ... Tom Faulders, the president of U.Va.’s alumni association, said fees generated by their card are shared equally among the university, the ath...