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Stiffer rules on student credit

Source: Posted By: JohnW 4816 days ago

President Obama recently signed the Credit Cardholders' Bill of Rights Act of 2009, which includes two important provisions that regulate the marketing of credit cards to college students.

Marketing to college students is a critical element of the modern credit card industry's strategy of encouraging debt early on and keeping the debt pipeline flowing throughout a consumer's lifetime. A 2008 report by the U.S. Public Interest Research Group noted that "targeting of undergraduates and making exclusive....

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