Better consumer protection = credit crunch for women?

posted by
April 26, 2011
The Nation
by Bryce Covert  
Posted in Commentary, PND Commentary

"As recently as the 1970s, credit cards were issued only with a husband’s signature; it took the Equal Credit Opportunity Act of 1974 to force companies to make cards available to women. Women quickly embraced credit, and less than thirty years later they carry roughly the same amount of consumer debt as men and even have more cards in their wallets than men do — by a 5-to-4 margin. But as the market opened up to female borrowers, lenders began lobbying to relax usury laws and developing predatory practices." [editor's note: So yet another what-is-not-seen; remind you of minimum-wage? - SAT] (04/26/11)  

Our Sponsors