Congress is once again stepping in to shield college students from their own bad decisions.
“Credit card companies beware: Congress is watching.
A flurry of bills is in the works in the House of Representatives and the Senate that would rein in how those companies do business. One proposed change that’s triggered interest among lawmakers, particularly as the economy sours, would make it harder for college students to qualify for credit cards.”
Before blaming credit cards, perhaps congress should look a little closer to home. As I detailed in a recent Clarion Call, it’s far easier to abuse student loans than credit cards.
