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

What's Next In Payments®
4:37 PM EDT 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.

Comments
Also by This Author
What's Hot
B2B Payments
No Apple Pay For Amex Corporate Users
B2B Payments
With New VC Dollars, GoCoin Pledges B2B Payments Push
Company Spotlight
Apple May Soon Hit Sale Of Billionth iOS Device
Mobile
Consumer Awareness Not Driving Apple Passbook, Digital Wallet Use
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
B2B Payments
No Apple Pay For Amex Corporate Users
B2B Payments
With New VC Dollars, GoCoin Pledges B2B Payments Push
B2B Payments
Tipalti Lassos In $13 Million In Series B Funding
Cool
Is Mobile The Key To Better Loyalty Programs?
View All Articles ››