The rules on stay-at-home parents' access to credit have been reversed twice in the past four years but without much media attention along the way, despite the fundamental impact of the reversals on stay-at-home parents' ability to open a card in their names or to extend their credit lines.
Mitt Romney's now-infamous statement, "My job is not to worry about those people," pretty much sums up the Republican nominee's true feelings about who he represents. And if you're in serious debt, it looks like he's talking about you too.
Imagine how many people would have walked away from getting a subprime mortgage if the broker had told them, "The rate on this loan is 2% higher than you qualify for, because I
make more money that way."
The CARD Act was implemented on Feb. 22, 2010, and the two-year anniversary of this date marks a fair time to assess the Act's successes, failures and overall implications for consumers with credit cards.