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Survey finds that students support fair campus credit card marketing principles

By: jessica
On: 2008-03-27
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.

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Americans for Fairness in Lending (AFFIL) and Americans for Financial Reform (AFR) are partnering to reform the nation's lending industry and financial system to protect Americans' neighborhoods, homes and pocketbooks.

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