New York S04302 prohibits the State University of New York and the City University of New York from allowing credit card solicitation unless credit.
New York S04302 amends the banking law and education law to prohibit the State University of New York and the City University of New York from permitting any person to solicit students to become credit card holders unless that person offers and provides credit education courses. These courses must comply with rules and regulations set by the commissioner of education. The bill aims to ensure students receive financial education before being solicited for credit cards.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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