Much of the credit card discussion has focused on adults currently using credit cards. But what about the new batch of college freshmen? (I know, most of them have had credit cards since what, 3rd grade?) Many students will be targeted with temptation beginning late August. How will the credit card companies deal with this new batch of consumers? Never fear, the new Credit Card Accountability, Responsibility and Disclosure (CARD) Act of 2009 specifically mentions college students:

Cleans Up Credit Card Practices For Young People at Universities. The act contains new protections for college students and young adults, including a requirement that card issuers and universities disclose agreements with respect to the marketing or distribution of credit cards to students. (from White House FACT SHEET: REFORMS TO PROTECT AMERICAN CREDIT CARD HOLDERS)

Read Public Law 111-24