USA Today – Jessica Dickler
“Despite waves of strict legislation, credit card companies still spend millions to attract new, young customers — and many financially inexperienced students are signing up, often to their own detriment. Gone are the days of credit card booths on campuses and at college events luring students with free T-shirts and pizza. The Credit CARD Act, which passed in 2009, reeled in much of those practices with laws that restricted card companies from issuing credit to students unless they can demonstrate the ability to make payments or have a co-signer and prohibited pre-approved offers and enticing freebies.”(more)