In yet another editorial, Common Sense and Credit Cards, the New York Times has called for strong actions to rein in sharp credit card company practices that unfairly strip wealth from consumers, including college students.

All too often, these companies sometimes deluge students with cards, even when they have no verifiable income, luring them and sometimes their families into debt.[...]Congress also needs to take a close look at the school-themed credit cards that are often offered by privately run college alumni associations. The associations earn royalties and sometimes share a portion of the money with the colleges, which are then required to promote the cards on campus. These deals resemble the unsavory arrangements under which student loan companies paid kickbacks to colleges in exchange for being placed on so-called "preferred lender" lists.