News

Iowa legislator calls for limits to campus credit card offers

by Associated Press , September 25, 2007

According to state records, the University of Iowa allows the set up of tables on campus, where students are encouraged to sign up for Bank of America credit cards. The school is paid $50 for every application it secures for Bank of America.

The University of Northern Iowa Alumni Association also has refused to release it contract with Bank of America but Mark Jastorff, the group's president, said the association hasn't endorsed solicitations of students in the past six months.

Iowa State University has released the contract between its alumni association and Bank of America.

Information from: The Des Moines Register, http://www.desmoinesregister.com

--Associated Press



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