Thursday, February 7, 2013
Measure by state Sen. Kevin O'Toole (R-40), prohibiting credit card companies from soliciting to students, was signed by Gov. Chris Christie on Thursday.
NORTH JERSEY -- College students can no longer be hassled by credit card companies on New Jersey public college campuses thanks to a new legislation signed by Gov. Chris Christie Thursday. The law was first proposed by state Sen. Kevin O'Toole (R-40) in January and “prohibits a public institution of higher education in this State from entering into an agreement, or permitting its agents or a student organization from entering into any agreement, for the purposes of the direct merchandising of credit cards in person or by displays to students.” When O'Toole originally proposed the measure, he said credit card companies who solicit students with free gifts like t-shirts, blankets or vouchers are using a “bait and switch” tactic. “This tactic…
Thursday, January 31, 2013
Verona and Cedar Grove shopkeepers discuss the new 4% surcharge.
It may have snuck up on consumers, but Verona and Cedar Grove retailers have mixed feelings about a new surcharge they’re now allowed to tack on to customer costs for using credit cards. The new rules went into effect on Sunday, Jan. 27, enabling retailers charge an extra four percent if a credit card is used to pay for a purchase. According to a report from 7online.com, stores must prominently display signs saying they are charging customers for using a credit card. Debit cards are not affected by these new measures. The new rules have created an explosive outcry from consumers and business owners alike. Janice and Ralph Cocchi, owners of Home Sweet Home Antiques, located in Verona and Chatham, are against the idea of charging their …
Wednesday, January 16, 2013
Proposal by state Sen. Kevin O’Toole would prohibit credit card companies from using merchandising to entice college students to sign up for cards.
Credit card companies may no longer be able to entice college students with free gifts for agreeing to sign up for a credit card under a measure proposed by state Sen. Kevin O’Toole (R-40) that is currently awaiting Gov. Chris Christie’s signature. The legislation, which would ban credit card companies from soliciting students with free gifts like t-shirts, blankets or vouchers on public college campuses, was unanimously passed by the state Senate last month. “You have low promise sales at six or seven percent and then after a period of time it goes up automatically,” said O'Toole. “I'm troubled that they are depending upon a certain population that is perceived of being vulnerable, having trouble making ends meet.” O'Toole said he is …
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jankantius
1:30 pm on Saturday, February 9, 2013
My respect for Christie just keeps on growing, even though our politics are vastly different. more ›