Bill Banning College Credit Card Solicitation Awaits Christie Signature
A new proposal by state Sen. Kevin O’Toole would prohibit credit card companies from using merchandising to entice college students to sign up for cards.
Credit card companies may no longer be able to entice college students with free gifts for agreeing to sign up for a credit card under a measure proposed by state Sen. Kevin O’Toole (R-40) that is currently awaiting Gov. Chris Christie’s signature. The legislation, which would ban credit card companies from soliciting students with free gifts like t-shirts, blankets or vouchers on public college campuses, was unanimously passed by the state Senate last month. “You have low promise sales at six or seven percent and then after a period of time it goes up automatically,” said O'Toole. “I'm troubled that they are depending upon a certain population that is perceived of being vulnerable, having trouble making ends meet.” O'Toole said he is …
