Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Credit unions that serve university students report that the latest round of credit card regulations will likely restrict the number of student members who will able to get cards.

Prior to the Credit Card Accountability, Responsibility and Disclosure Act that was enacted law last year, the credit unions reported that they would offer credit cards with low credit limits uniformly to students, including incoming freshmen. The low limit made them very low risk for both the student and the credit union and allowed the student to begin to build credit history, the credit unions reported. But the new law cuts off many students from this sort of card program.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2022 ALM Global, LLC. All Rights Reserved.