Friday, February 19, 2010

Credit Cards and Campuses

I've always been troubled by bags from college bookstores that include promotional materials for credit cards. A students drops $500 on books for their classes and as they unpack the bag to start their semester, they're enticed with these offers for credit cards. Doesn't seem fair. This new law is a good first step.

Credit Cards and Campuses
A new era in the vexed relationships between colleges, credit cards and students begins Monday, when most of the new provisions of the Credit CARD Act of 2009 take effect. The law provides new protections to students and imposes new requirements on colleges and alumni groups that offer credit cards.

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