Credit cards, college students and co-signers

Gone are the days of credit card recruiters on campus giving away stuffed animals to any first-year students willing to sign up for easy credit: New regulations on card issuers require any cardholder under 21 years old to have an adult co-signer on the card.

Takeaway finance contributor Beth Kobliner joins us to talk about the new rules and what they’ll mean for students and parents this fall.