Senate To Act On Credit Card Marketing To College Students

The Senate may vote on a bill as early as May 11 that would prevent credit-card companies from targeting college students such as Cabrilo by requiring parental consent for a borrower under age 21 unless there is proof of independent income or completion of a financial literacy course. Average credit-card debt among graduating college seniors increased to more than $4,100 last year from $2,900 in 2004. Read more at:
http://www.bloomberg.com/apps/news?pid=20603037&sid=ajVskGdVyPSw&refer=home