Fallin voted against an amendment that limited credit lines for full-time college students ages 18-20 to the greater 20 percent of a student’s annual income or $500 if there was no cosigner on the account.
It prohibited companies from issuing cards to students who already had one. It required creditors to obtain proof of income, and credit and income history from college students before issuing a credit card.
The amendment was designed to help keep our youth from becoming buried under massive amounts of credit card debt while trying to finish their education. Something DC Mary cares nothing about.
Once again taking the sides of lining CEO's pockets... instead of helping our youth and our future.
No comments:
Post a Comment