Legislation sponsored by Kevin O’Toole (R-40) to ban credit card companies from soliciting students on public college campuses was unanimously passed Thursday the full Senate and heads to Gov. Christie for approval.
“Credit card debt and student loan debt are rampant issues in our society,” O’Toole said. “Credit card companies often use merchandise displays offering free sports T-Shirts or blankets to attract young people. This tactic leads young people to open accounts they cannot keep solvent, which can bury them in debt caused by unsuspectingly high interest rates.”