OH HB12

Requires all private and state institutions of higher education in Ohio to adopt policies prohibiting campus credit card marketing activities and requiring credit card marketers to register with the institution prior to engaging in permitted marketing.

Defines "campus credit card marketing activity" as activities designed to encourage students to apply for credit cards conducted on institutional property or at sanctioned events, with specific exemptions for activities at bank offices, general advertising, direct mail, and athletic events (where undergraduate students cannot knowingly apply).

Excludes debit cards and access devices from the definition of "credit card" for purposes of this regulation.

Mandates that all private and state institutions of higher education offer financial literacy education to enrolled students either during orientation or in the students' first grading period.

Requires state institutions receiving revenue from credit card marketing agreements to use a portion of those funds to pay for the costs of providing the required financial literacy education.