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Report: Maryland Colleges Fail to Protect Students from Credit-Card Pitches.
Knight Ridder/Tribune Business News, February, 2004
By Eileen Ambrose, The Baltimore Sun Knight Ridder/Tribune Business News
Feb. 20--Many Maryland college students end up with thousands of dollars in plastic debt because schools often fail to protect them from aggressive on-campus marketing by credit card companies, two consumer groups said yesterday.
The Maryland Consumer Rights Coalition and Maryland Public Interest Research Group surveyed a dozen four-year public colleges and universities in Maryland about credit card marketing on campuses.
"What we found are lax policies on many campuses. In some cases, they don't even follow the policies they have on the books," said Brad Heavner, director of the MaryPIRG.
The groups blame credit card debt for the rise in bankruptcies...
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