Originally Posted by
biggestbopper
The purpose of this rule appears to be to keep card companies from handing out cards to folks who can't pay the bill.
http://www.federalreserve.gov/newsev.../20110318b.htm Not such a bad thing.
And, note that it will likely have close to no effect in community property states.
Yes, but the government is the master of the Law of Unintended Consequences.
See: The Mint
Last edited by thegasguru; Jul 28, 2011 at 12:26 pm
Reason: spellling