Credit card solicitation bill advances

Colleges and universities in the state would be prohibited from allowing banks from soliciting students for credit card accounts under a measure passed in the Assembly Higher Education Committee Monday.

The bill, A1688, sponsored by Assemblywoman Celeste Riley and Assemblyman Dave Russo, does not yet have a Senate sponsor.

Riley said it’s important for students to be aware of the financial responsibilities that come with signing up for a credit card.

“The idea they are being solicited by credit card companies I find unacceptable,” Riley said.  “This is just a way to stop that from happening.”

Credit card solicitation bill advances