Amendment Allows Consumers Who Are 21 Or Older To Rely On Accessible Income For Credit Card Applications
WASHINGTON, D.C.–(ENEWSPF)–April 29, 2013. Today the Consumer Financial Protection Bureau (CFPB) updated existing regulations to make it easier for spouses or partners who do not work outside of the home to qualify for credit cards. Today’s amendment, first proposed by the Bureau in October 2012, allows credit card issuers to consider income that a stay-at-home applicant, who is…
