It looks like stay-at-home parents may not benefit from tighter regulation of the banking industry. Federal rules that will take effect this October will require credit card issuers to assess the creditworthiness of card applicants using their individual income or salary and not household income.
Do you think the rule is fair or should be eliminated?
why cant or shouldn't the banks be able to run your credit report? i asked one of the tellers behind the counter and she said they couldn't run one. neither did she ask me if I wanted to apply for a credit card either. I thought this was how they made their money.