Avoiding the daily hassle of being pestered by credit card companies may be in our future.

The College Student Credit Protection Act (AB 262) that was signed Oct. 14 will help shield college students from the luring promises of creditors. Proposed by Assembly member Joe Coto, and sponsored by the Greenling Institute, the bill will require campuses throughout California to disclose information pertaining to the school’s marketing agreements with all financial institutions, with the exception of proprietary information. This means that if any faulty practices are or already have been put into place, proper procedure could help regulate its contents.

The bill also stops credit card companies from offering any type of gift as a reward for joining or using their services, which means no more fancy pens or company buttons.As the number of students suffering from staggering credit card bills increase, so does the need to combat the problem. The bill will urge universities to revise and re-think the ways in which they handle marketing on their campuses, which may significantly lower the number of debt-ridden students. As the bill passed with little opposition, banks have agreed to work with students and colleges in coming to terms with an agreement that may deem beneficial to both parties.