credit cards Archives - VFCU

Lawmakers Consider Removing Non-Working Spouse Rule from CARD Act

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Richard Cordray, Director of the Consumer Financial Protection Bureau (CFPB), told lawmakers at a House Financial Services committee hearing this week that the CFPB will likely change the CARD Act to allow credit cards to be given to qualified non-working spouses in their own name. The bureau hopes to introduce the rule to lawmakers before... read more

Moms Without Credit Cards

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Moms Without Credit Cards Recently, light has been shed on stay-at-home moms who are unable to obtain credit cards. Though many of these women are living financially secure lifestyles, major credit card companies are denying unemployed people credit cards, regardless of an impressive credit score or past credit card history. The Card Act Rule that... read more