Proposal Will Limit Approval For Student Credit Cards

Two democrates from Missouri are proposing that credit card companies make it harder for students to get approved for credit cards.  As it is right now, students have an easy time getting approved for credit cards - most card lenders aren’t checking their credit reports or to see whether or not they have income.
If the proposal is passed as a bill, students under the age of 21 will be required to have their own income and/or parental signatures as co-signers and who will be responsible for paying the bill if the students fail to keep up with payments.