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(TRENTON) - Bipartisan legislation sponsored by Assemblywomen Celeste Riley and Connie Wagner to prevent credit card companies from preying on college students is now law.
"This law will 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 law will help curb that likelihood."
The law (A-1688) prohibits 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.
Contact Eva Loayza at (609) 847-3500
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“Receiving $74,000 in severance pay is entirely inappropriate and unjustifiable. No elected official is entitled to sick or vacation time. You don’t put out your hand and beg, you raise your hand and say ‘Thank God I was healthy.' There’s no reason for anyone to collect money on the way out the door or for overtime.” - Council President Andre Sayegh, candidate for Paterson mayor.- PolitickerNJ.com
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