3 ms·
Looks like the Act prevented the extension of credit to students >21yo and banned the handing out of food/gifts. But, didn't outright prevent banks from settin
by alistairSH 5y ago
Looks like the Act prevented the extension of credit to students >21yo and banned the handing out of food/gifts. But, didn't outright prevent banks from setting up tables to push their services.
From Wikipedia...
Eliminates excessive marketing to young adults. Consumers under the age of 21 must prove that they have an independent income or get a co-signer before applying for a credit card. The Act also prevents credit card companies from mailing offers to consumers under 21 unless they "opt in," and prohibits companies from wooing students with T-shirts, free pizza and other free gifts at university-sponsored events.