The Consumer Protection Bureau Is Reviewing A Law That's Infuriating Homemakers
The Consumer Financial Protection Bureau is reviewing a clause in the CARD Act that all but eliminates any chance for stay-at-home spouses to apply for credit, according to Change.org.
More than a year ago, the Federal Reserve decided consumers over 21 would only be able to apply for credit using their personal income rather than that of the entire household.The clause was supposed to prevent college-aged students from taking out lines of credit based on their parents' income, but it basically elbowed stay-at-home parents out of the credit game altogether.
No comments:
Post a Comment