The US Credit CARD Act 2009 has come under
scrutiny by stay-at-home housewives who claim that the legislation
discriminates against them.
A group of discontent housewives has started an online petition to
fight the Act, saying it prevents them from getting a credit
card without their husbands’ permission as they
do not have proof of income.
“This is despite the fact that I make 95% of
our household purchases, have an impeccable credit score and handle
the majority of my family’s finances,” saidHolly McCall, the author of the
petition that
is hosted on http://www.change.org/.
“The new rules send a message that stay-at-home parents are not as
credit-worthy as young adults still in school without their own
income,” the petition reads
The lobby initiated in partnership with the
online mothers group momsrising.com appeals for the Consumer
Financial Protection Bureau (CFPB) to fix the stay-at-home moms
credit problem.
Meant to curb irresponsible lending and
misleading credit card practices, the law excludes stay-at-home
moms who say the Act sets women back half a century
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe Credit Union Times newspaper reported on
May 18 that Richard Cordray, director of the CFPB, met McCall and
received a petition paper that was signedwith
45.000 signatures.
Corday is working with her and promised to
come up with a solution within 30 days of their meeting, according
to the newspaper.
