LITTLE ROCK — As students prepare to head back to school, Attorney General Dustin McDaniel says young consumers should use caution when considering applying for credit cards.
McDaniel also said laws are in place to protect college campuses from predatory credit card solicitations.
A 1999 state law restricts the practice of marketing credit cards on college campuses in an effort to combat high-pressure solicitations that target college students.
Congress also passed the Credit Card Accountability Responsibility and Disclosure Act in 2009, which bans solicitors from marketing credit cards within 1,000 feet of a college campus or off-campus student gatherings, such as athletic events.
More information is available by visiting the Attorney General's Consumer Protection Division website, www.GotYourBackArkansas.org, or by calling (800) 482-8982.