What's happening
This bill prohibits SUNY and CUNY from allowing direct credit card marketing to enrolled students on their campuses.
Why it matters
Targets campus-based marketing tactics. The bill specifically restricts in-person credit card promotions and display-based marketing, aiming to address aggressive or high-pressure sales approaches that have been common on college campuses.
Applies to all agents and affiliates. The prohibitions extend beyond the universities themselves to include any outside companies, organizations, or individuals acting on behalf of or in partnership with SUNY or CUNY, closing potential loopholes for indirect marketing.
Intended to protect student financial health. By limiting direct access to credit card marketing, the bill seeks to reduce student exposure to potential debt traps and encourage more thoughtful financial decisions among a population that may be inexperienced with credit.
Represents a broader trend in consumer protection. This legislation reflects ongoing concerns about predatory lending practices targeting young adults, and may prompt further scrutiny of financial product marketing in educational environments.
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Who cares
Headline styles
Ban Campus Credit Card Sales
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- Referred to higher education
- Referred to higher education
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
4705
2019-2020 Regular Sessions
IN ASSEMBLY
February 5, 2019
Introduced by M. of A. ENGLEBRIGHT -- read once and referred to the Committee on Higher Education
AN ACT to amend the education law, in relation to prohibiting the direct merchandising of credit cards through the state university of New York and the city university of New York
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. The education law is amended by adding a new section 355-d to read as follows:
§ 355-d. Direct merchandising of credit cards; prohibitions. 1. When used in this section, the term "direct merchandising" means the promotion to sell or offer any goods, wares or merchandise to any person by means of interpersonal contact or through the use of displays.
2. The state university is not authorized to enter into any agreement for the direct merchandising of credit cards through the state university of New York to any enrolled student thereof.
3. The provisions of this section shall apply to any person, partnership, firm, association, limited liability company or corporation acting as an agent or employee or on behalf of such university for the purposes of the direct merchandising of credit cards.
§ 2. The education law is amended by adding a new section 6204-b to read as follows:
§ 6204-b. Direct merchandising of credit cards; prohibitions. 1. When used in this section, the term "direct merchandising" means the promotion to sell or offer any goods, wares or merchandise to any person by means of interpersonal contact or through the use of displays.
2. The city university is not authorized to enter into any agreement for the direct merchandising of credit cards through the city university of New York to any enrolled student thereof.
3. The provisions of this section shall apply to any person, partnership, firm, association, limited liability company or corporation acting
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD08448-01-9
A. 4705 2
as an agent or employee or on behalf of such university for the purposes of the direct merchandising of credit cards.
§ 3. This act shall take effect on the first of July next succeeding the date on which it shall have become a law.
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.