As part of its ongoing efforts to bring transparency to the student financial products market, the Consumer Financial Protection Bureau (CFPB) today released its mandated annual report on college credit card agreements, which "showed a decline of 23 percent in college agreements from 2011 to 2012" (See our Dec 3, 2013, blog post for more information). The number of college cards in effect declined by 41 percent between 2002 and 2012, from 1,045 agreements in effect for over two million accounts to 617 agreements existing for just over one million accounts. The amount paid to institutions of higher education by credit card issuers declined 40 percent during that period, from $84,462,767 in 2009 to about $50,396,103 in 2012. The bureau is also calling on institutions of higher learning to expand beyond their disclosures regarding college credit card information to include the debit, prepaid and other products that it markets to students in agreement with financial institutions. Initial results from an inquiry into these products that the bureau launched earlier this year indicate that "financial product marketing partnerships have shifted to student checking and debit and prepaid card products," which outnumber college credit card agreements. Based on these initial findings, the bureau also concluded that "arrangements between financial institutions and institutions of higher education on many student banking products are not well-understood." For more, read the full news release.