Illinois Gov. Pat Quinn today signed into law legislation that limits credit card marketing activities on college and university campuses in the state. Illinois Treasurer Alexi Giannoulias drafted the Credit Card Marketing Act, which bans private and public colleges in the state from providing student names and contact information to credit card issuers. Contracts between schools and issuers will be open for public viewing, and schools that allow card marketing to undergraduates must offer consumer-finance classes to freshmen. The law also bans issuers marketing on campuses from offering students gifts, such as T-shirts and food, in exchange for filling out credit card applications. "We want to make sure that when credit card vendors come onto campus they operate in a fair way and they don't abuse their customers," Quinn said during a news conference. The law also makes sure issuers "don't get special access to information from the college or university they really don't have any right to," he said. The law takes effect Jan. 1.

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