Protecting Students from Credit Card Debt

Yesterday the new federal Credit CARD Act of 2009 took effect to protect young consumers—especially college students—from excessive credit card debt. With students facing increasing debt levels when it comes to borrowing for college loans, consumer advocates have been looking to put restraints on the credit card industries which target many of those same students. Here to talk about what those changes mean for students is Peter Kerwin from the Rhode Island Higher Education Assistance Authority.

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