Summary

This bill restricts the marketing activities of credit card companies on college campuses.

Background

The Daily Texan reports that Branch's intention with this language is to stem the tide of rising student credit card debt./1/

Detail

HB 85:
* Prohibits the use of "giveaways" to encourage students to submit credit card applications,
* Limits credit card marketing to one designated location per campus, and
* Requires the credit card company to prove it has provide credit education to a student prior to extending credit.

Additional Links

/1/ Wilson, Carter "Bill would restrict campus marketing" The Daily Texan 11/29/06
PIRG "The Campus Credit Card Trap" 9/98