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By Eva Loayza | December 6th, 2012 - 1:05pm
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Assembly Democrats News Release

Riley & Wagner Bill to Prevent Credit Card Companies from Preying on College Students Continues Advancing

(TRENTON) - Bipartisan legislation sponsored by Assemblywomen Celeste Riley and Connie Wagner to prevent credit card companies from preying on college students was approved Thursday by the Senate Higher Education Committee.

"This bill would protect many unsuspecting college students from the predatory practices often employed by credit card companies," said Riley (D-Cumberland/Gloucester/Salem. "College students are often unaware of the consequences of bad credit and many more don't realize the exorbitant interest rates they're charged. In many cases, students end up graduating more in debt to credit cards than student loans. This bill would help curb that likelihood."

The bill (A-1688) would prohibit a public institution of higher education in New Jersey from entering into an agreement, or permitting its agents or a student organization from entering into any agreement, for the purposes of the direct merchandising of credit cards in person or by displays to students.

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Quote of the Day

quote of the day

"Governor Christie ripped President Obama this summer for failing to carve out some time during a Texas fundraising swing to visit the Mexican border, where the unprecedented flood of immigrant children from Central America had reached a crisis point. ...Yet Christie is not squeezing in a tour of the troubled border during his own three-day trade and diplomatic mission to Mexico, which is set to begin on Wednesday. The governor is planning a series of meetings with Mexican officials, including President Enrique Peña Nieto and the finance and energy ministers." - columnist Charles Stile

- The Bergen Record

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Governor Chris Christie's trip to Mexico...:

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