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8/13/2009
An August 11, 2009 press release announces that Governor Pat Quinn has joined with Treasurer Alexi Giannoulias to sign the Credit Card Marketing Act, which is aimed at halting predatory credit card marketing practices on college campuses in Illinois. The new legislation seeks to promote responsible credit card marketing on college campuses by: banning free gifts; making contracts between the credit card providers and Illinois colleges and universities open to the public; prohibiting the transfer or sale of student names and contact information to credit card issuers; and, requiring colleges and universities to offer consumer finance education to freshmen if credit cards are marketed to undergraduates.
The press release is available at the State of Illinois Web site.
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