Credit Card Rules Limiting Access for Stay-at-home Moms

julia.seymour — Tue, 22 May 2012 16:34:58 +0000

CNN Money reports on an unintended consequence of Obama regulation the media didn’t see coming and left touted as ‘lifeboat’ for consumers.

Ryan Robertson

Julia A. Seymour

CNN Money recently introduced the world to Holly McCall, a thirty-four year old stay-at-home mother of two from Vienna, Va, who is fighting against the credit card “reforms” enacted in 2009. in a May 16 story, CNN Money’s Blake Ellis wrote that despite approval in the past, McCall was denied a credit card from Target last fall. She blamed a 2009 law that was supposed to “protect consumers.”

stay at home moms

Credit Card Rules Limiting Access for Stay-at-home Moms