National Catholic Reporter

The Independent News Source

You've Got to Give Them Credit

 |  NCR Today

Here's a case study for Catholic Social Teaching.

Would taking money to entice students to get credit cards fall inside or outside the lines?

In 2009, the University of Notre Dame alumni association took $1.8 million from credit card peddlers (Bank of America, Chase and U.S. Bank doled out such sums)in exchange for promotional privileges, third highest of any university in the nation.

envelope-gray-background.jpgLike what you're reading? Sign up for NCR email alerts.

By law, the Federal Reserve must disclose such information annually. It was reported today in Inside Higher Education.

The overall picture suggests that universities have no problem encouraging a practice that acts as a sort of predator lending for the youngsters. As we're reminded regularly, the financial behemoth that got us into all this trouble is doing just fine, thank you. Nothing has changed there. And so the market for new customers must be brisk.

How does "Catholic character" square with all of this?

NCR Comment code: (Comments can be found below)

Before you can post a comment, you must verify your email address at Disqus.com/verify.
Comments from unverified email addresses will be deleted.

  • Be respectful. Do not attack the writer. Take on the idea, not the messenger.
  • Don't use obscene, profane or vulgar language.
  • Stay on point. Comments that stray from the original idea will be deleted. NCR reserves the right to close comment threads when discussions are no longer productive.

We are not able to monitor every comment that comes through. If you see something objectionable, please click the "Report abuse" button. Once a comment has been flagged, an NCR staff member will investigate.

For more detailed guidelines, visit our User Guidelines page.

For help on how to post a comment, visit our reference page.

 

Feature-flag_GSR_start-reading.jpg

NCR Email Alerts

 

In This Issue

November 21-December 5, 2014

11-21-2014.jpg

Not all of our content is online. Subscribe to receive all the news and features you won't find anywhere else.