Stay-At-Home Spouses Should Have Credit Cards, House Says

What's Next In Payments®
4:37 PM EST June 6th, 2012

The House Committee on Financial Services is determining whether current credit card issuance regulations discriminate against stay-at-home spouses. A subcommittee explored the issue at a hearing on Wednesday.

At the hearing, Rep. Shelley Moore Capito (chair of the Financial Institutions and Consumer Credit Subcommittee) proposed draft legislation that would amend the Truth in Lending Act to force issuers to also consider an applicant’s spouse’s ability to repay borrowed credit. The amendment would take married persons’ credit application procedures back to the way they were prior to 2009.

Read more from the Committee here.

Also by This Author
What's Hot
Merchant Innovation
“Shazam for Fashion” Launches Stylist App
Samsung’s Double-Barrel Galaxy S6 Launch
Consumers Go Mobile For Smart-Device Research
Merchant Innovation
Will Half Of All Americans Be Amazon Prime Customers By 2020
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
The Shortlist – Get To Know Them Today, You’ll Be Talking About Them Tomorrow
B2B Payments
B2B Meets The Cloud: The Evolution of Payments
B2B Payments
ING Boosts B2B E-Payment Services with Basware
B2B Payments
Wonga Chooses Buyer for Nixed Business Lending Unit
View All Articles ››