An Illinois House committee has approved a bill that would prevent credit card companies from marketing their products on public university and community college campuses.

The bill’s chief co-sponsor, state Democratic Rep. Sue Scherer of Decatur, said the legislation would help reduce predatory behavior that leads to students signing up for credit cards that will later cripple them with debt.

Lobbyists from the banking industry oppose the bill, arguing that it’s an ineffective approach. They said they instead would support increased student education on financial topics.