MS SB2632

Credit card issuers are prohibited from offering tangible items to induce college students to apply for credit cards and from conducting in-person marketing on campuses of public or private universities, colleges, and community/junior colleges

Institutions of higher education are banned from receiving any direct or indirect payment or compensation for credit card marketing activities directed at their students

The Board of Trustees of State Institutions of Higher Learning, State Board for Community and Junior Colleges, and individual institutions cannot sell or provide student names, postal addresses, or email addresses to credit card issuers

Educational institutions and governing boards are prohibited from engaging in any marketing on behalf of credit card issuers that targets students

Violations are subject to civil penalties up to $5,000, imposed by the Commissioner of Banking and Consumer Finance after notice and hearing