Originally Posted by
MidnightLight
The Fed clarified last year that under the CARD Act, credit card companies generally must consider only individual income when evaluating credit applications. The one allowed exception is for applicants in "community property" states (CA, AZ, TX, etc), where spouses are basically assumed by default to jointly own all property.
That's interesting. How would most non-working spouse get credit cards then with essentially zero income? Makes you wonder what all these regulations really do.