Prohibits the state university of New York and the city university of New York from permitting any persons to solicit persons to become holders of credit cards unless credit education courses are provided.
Summary
Bill S04302 seeks to amend the banking and education laws in New York by prohibiting the State University of New York (SUNY) and the City University of New York (CUNY) from allowing any solicitation for credit card applications on their campuses unless the solicitors provide credit education courses to students. The bill aims to ensure that students are educated about credit before being exposed to credit card offers, thereby promoting responsible financial behavior among young adults.
Impact
If enacted, this bill will significantly alter the landscape of credit card solicitation on college campuses in New York. It will require credit card issuers to provide educational resources to students, which may lead to increased financial literacy among young adults. This could also affect the business practices of credit card companies, as they will need to comply with the new requirements to solicit on university properties.
Sentiment
The sentiment surrounding Bill S04302 appears to be generally supportive among advocates for financial education, who view it as a necessary step to protect students from potential debt traps associated with credit cards. However, there may be concerns from credit card issuers regarding the additional requirements imposed on them, which could lead to pushback from those stakeholders.
Contention
Notable points of contention may arise from credit card companies and financial institutions that may view the requirement to provide credit education courses as an unnecessary burden. Additionally, there may be differing opinions on the effectiveness of such educational courses in truly preventing financial mismanagement among students, with some arguing that education alone may not be sufficient to change behaviors.
Grants volunteer firefighters and emergency medical technicians academic credit at state operated institutions of the state university of New York and the senior colleges of the city university of New York to the extent of three academic credits per year, and 6 credits in the aggregate; provides that no fee, tuition or other charge shall be assessed against a volunteer firefighter or emergency medical technician who qualifies for such credit; directs the board of trustees of the state university and the city university of New York to adopt necessary procedures.
Grants volunteer firefighters and emergency medical technicians academic credit at state operated institutions of the state university of New York and the senior colleges of the city university of New York to the extent of three academic credits per year, and 6 credits in the aggregate; provides that no fee, tuition or other charge shall be assessed against a volunteer firefighter or emergency medical technician who qualifies for such credit; directs the board of trustees of the state university and the city university of New York to adopt necessary procedures.
Requires the city university of New York and state university of New York have education programs for prospective teachers, administrators, and counselors for teaching immigrant-origin students that promotes diversity, equity and inclusion, and is multilingual.
Prohibits the state university of New York from contracting out to the ground lessee or any subsidiary of the ground lessee or the research foundation for the state university of New York for any services or privatize any services currently being performed by employees in the unclassified service at the state university of New York at Albany.
Relates to the term "reportable business relationship" as it relates to certain employees of the state university of New York and the city university of New York.
Relates to the term "reportable business relationship" as it relates to certain employees of the state university of New York and the city university of New York.