Students
overwhelmingly support limits on campus credit card marketing, according to the
results of a nationwide USPIRG survey
(March 27) The findings confirm that students are using credit cards in
significant numbers and that a significant number are paying the price through
late fees, high balances and delinquencies. The survey also shows that banks
are marketing aggressively to students through a variety of channels, and that
an overwhelming majority of students support limits on credit card marketing on
campus to rein in unfair bank practices.
"Campus credit card marketing is simply out-of-control," said U.S.
PIRG Consumer Program Director Ed Mierzwinski. "At tables on and off
campus, on your phone and in your mail, there’s a credit card company making a
pitch to get into your wallet, even if you cannot afford to pay the
bill." Read
more.