Under CARD,colleges and Universities Must

question 107

Multiple Choice

Under CARD,colleges and universities must:

• A)disclose financial relationships with the credit card companies.
• B)provide debt counseling for students.
• C)limit locations for student solicitation for credit cards.
• D)do all of these.

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Definitions:

Enabling Statute

Legislation that grants a new agency or body the authority to act and outlines the scope of its powers.

Formal Rule Making

A process in administrative law where regulations are developed and issued by government agencies, often including opportunities for public comment and participation.

Budgets

Financial plans that outline expected income and expenditures over a specific period, often used by individuals, businesses, and governments.

United States Office of Management and Budget

An executive branch office responsible for preparing the federal budget and overseeing its administration in U.S. government agencies.