Law professor questions banks' adherence to student credit card rules
Credit card issuers have found loopholes in regulations designed to limit marketing of student credit cards on campus, according to a professor at the University of Houston Law Center. In a new study released this month, professor Jim Hawkins reveals evidence that the Credit CARD Act has done relatively little to restrict aggressive sales tactics [...]
Credit Card Law, Student Credit
CARD Act tweaks offer new consumer protections
The Credit Card Act of 2009 resulted in credit card companies making various changes to their consumer credit application process, promotional rates, and fee structure. A recently approved amendment to the CARD Act attempts to further protect consumers from overextending their credit, changing terms of promotions and being charged excessive fees.
On March 18, 2011, the [...]
Credit Card Law