Stay at home spouse? No credit for you.
May 24, 2012 8:19 AM Subscribe
The CARD Act of 2009, which has been much lauded for providing consumer protection hurts stay-at-home moms (and dad's). "This decision was meant to keep college students from going into credit card debt they could not afford to pay off but it also has the consequence of disenfranchising stay-at-home parents, 88% of whom are women. [...] In the worst case scenario, the Federal Reserve’s decision will play a role in financial abuse. Financial abuse is a factor in 98% of abusive relationships." 30,000 signatures have been delivered to the Financial Protection Bureu in Washington DC with "some petitioners dressed up as housewives from the 1950s -- complete with A-line skirts, pearls and tightly pulled back hair -- since the rule "feels like a flashback to the 1950s because of the way women aren't empowered financially."
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