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Change to federal regulation denying credit cards to stay-home parents

CFPB Finally Fixes the “Anti-Housewife” Rule

". . . On Monday, the CFPB updated existing regulations so it will be easier for stay-at-home spouses to get credit cards. . . . At a Congressional hearing last June, Shelley Moore Capito (R-WV), chair of the House Financial Services Subcommittee on Financial Institutions and Consumer Credit challenged the CFPB and said the rule was a threat to women in abusive relationships and could create an added burden on those who are divorced or widowed, or who don’t work while their spouse is serving in the military."


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