Public Citizen's blog discovers that all that consumer protection they've asked for has resulted in a proposed Obama-administration regulation to prohibit the use of family income in determining credit-card issuance—with the effect that stay-at-home spouses (mostly women) will be unable to get credit cards in their own name. (Citing Margaret Ryznar @ SSRN.) Earlier.
More unintended consequences from credit-card regulation
- Bidding Bye to the Bank
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- Damned if you do files: Chase Bank credit card class action
- Is the Consumer Financial Protection Bureau truly independent?
- New Podcast: John Edwards prosecution
- Plaintiffs' lawyers protect their cartel by bringing antitrust suit
- Frank v. Fitzpatrick: I get to say "told you so!"
- SOPA protests demonstrate the value of limited-government principles
- Adverse effects of CARD Act's limits on freedom of contract
Center for Legal Policy at the