Credit card solicitation to students on campus is prohibited.
Because of concerns about students generating high levels of credit card debt that can adversely affect their financial situation in the present and future, numerous safeguards have been put into place. These include the regulations in New York State Education Law § 6437 and the federal Credit CARD Act of 2009. Best practices for schools suggest that prohibiting the solicitation of credit cards to students on campus is the best safeguard.
Applicability of the Policy
This policy applies to any credit card vendors who want to solicit credit card applications from students on campus.
This policy prohibits any vendor from contacting students on campus in residence halls, in buildings, or on any campus property.
Definitions / Procedures
All regulations that apply to the operation of credit card vendors on campus will be deleted from College publications and a statement about the prohibition of soliciting credit cards will be inserted.
Related Documents / Policies
Are there related documents/policies that the College community should know about? If so, list them here.