July 1, 2008
Tennessee Bans Credit Card Solicitation on Campus
Thanks to Prof. Katie Porter post on Credit Slips for this information. Tennessee has passed a law banning credit card solicitation on college campuses or using school facilities or student organization to solicit for credit cards or from offering gifts or other promotional incentives on campus at least. Prof. Porter expects the credit industry to fight this in court, probably arguing that the federal government regulates banks, not Tenn. The new statute can be found here.
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