New Rules Place Barriers Between Students, Credit Card Issuers

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very good, it's very useful to me, thank you very much!

rsgoldjw of AL 9:31PM May 18, 2012

Regardless of the beneficial side effects of such agreements, they are invasions of students' privacy and ought not to be pursued without explicit consent of the students whose contact information is being given out. Just because an action has some benefit does not make it morally right; morality is precisely for those situations when one's interests diverge from justice.

Jeremiah of WI 2:48PM February 24, 2010

Thank you, thank you, Congress Critters! I am very happy to see this law finally come through. My eldest is 19 and a college sophomore on full parental financial support. Her checking account habitually totals under a dollar, although I direct deposit $40 in it weekly, and she has no legitimate expenses that she need pay out of pocket. The ONLY reason she is not megathousands in debt and a slave to the Bankster Mafia, is that I put a freeze on her account with all the credit rating agencies. (She doesn't know about that. She thinks she can't get a card because, as I explained, "of all them bounced checks; you cain't get no kinda credit withouten ben reel careful 'bout that." I have lived in dread of her figuring this out prematurely, and having to watch her sell herself into perma-debt-slavery: probably just months before a little horse sense finally filtered into her vacant cranium.

shirin of AR 2:28PM February 23, 2010

Just to be clear, most (if not all) of an alumni association credit-card portfolio (and the revenues from that program) comes from alumni accounts and loans. The revenues from these programs fund student scholarships, support new or at-risk alumni programs, and, in many cases, have preserved alumni-association staff positions.

Peter Osborne of PA 8:57AM February 20, 2010

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