Feds to propose change to Card Act - FOX 29 News Philadelphia | WTXF-TV

Feds to propose change to Card Act

Posted: Updated:
ATLANTA -

There was an uproar when stay-at-home spouses realized they were starting to have trouble getting a credit card without the other spouse's permission.

It was an unintended consequence of the Card Act of 2009, which was meant to keep young people from getting credit cards based on their parent's income, and it didn't sit well with a lot of families.

The government's Consumer Financial Protection Bureau is proposing a regulation change so that credit card companies base application requests on household income. The bureau calls this a common-sense change.

The change could have a real impact. The census shows that 16 million Americans don't work outside the home.

  • I-Team Story ArchiveMore>>

  • FOX 5 I-Team Investigates

    Child traumatically injured in beach house elevator

    Child traumatically injured in beach house elevator

    Monday, July 21 2014 8:09 AM EDT2014-07-21 12:09:54 GMT
    Another child has been seriously injured in a residential elevator accident. This is a warning for any family renting a beach house.
    Another child has been seriously injured in a residential elevator accident. This is a warning for any family renting a beach house.
  • Governor reacts to Ethics allegations

    Governor reacts to Ethics allegations

    Friday, July 18 2014 6:40 PM EDT2014-07-18 22:40:07 GMT
    The Governor sat down with Senior Fox 5 I-Team Reporter Dale Russell for his first television interview following allegations of strong-arming by a member of his staff.
    The Governor sat down with Senior Fox 5 I-Team Reporter Dale Russell for his first television interview following allegations of strong-arming by a member of his staff.
  • I-Team: Doctor guilty of Medicaid Fraud

    I-Team: Doctor guilty of Medicaid Fraud

    Friday, July 18 2014 3:39 PM EDT2014-07-18 19:39:09 GMT
    Six years after the I-Team first raised questions about Dr. Nathaniel Johnson's medical practices, the noted OB/GYN and cosmetic surgeon pled guilty to Medicaid Fraud and aiding the unlicensed practice of medicine.
    Six years after the I-Team first raised questions about Dr. Nathaniel Johnson's medical practices, the noted OB/GYN and cosmetic surgeon pled guilty to Medicaid Fraud and aiding the unlicensed practice of medicine.
  • Contact the FOX 5 I-Team

    * denotes required fields

    We're sorry, but only one entry is allowed per person.
    Thank you for your continued interest.

    Thanks for contacting FOX 5.  To reach our newsroom by phone, please call (404) 898-0100.

  • Good Day ArchiveMore>>

  • Back to School Jamboree with Hosea Feed The Hungry

    Back to School Jamboree with Hosea Feed The Hungry

    Hosea Feed the Hungry will host their annual Back to School Jamboree on Sunday, July 13, 2014 from 10:00 a.m. until 3:00 p.m. at Turner Field. Children will receive a backpack filled with school supplies.

    Hosea Feed the Hungry will host their annual Back to School Jamboree on Sunday, July 13, 2014 from 10:00 a.m. until 3:00 p.m. at Turner Field. Children will receive a backpack filled with school supplies.

  • Explore, Learn About Nature At Elachee Nature Science Center

    Explore, Learn About Nature At Elachee Nature Science Center

    Monday, July 21 2014 9:34 AM EDT2014-07-21 13:34:54 GMT
    Summer is the perfect time to get out and explore nature. And there's no better place to do it than at one of North Georgia's most beautiful and unique environmental education centers.
    Summer is the perfect time to get out and explore nature. And there's no better place to do it than at one of North Georgia's most beautiful and unique environmental education centers.
  • Renters turned down for loans can still buy

    Renters turned down for loans can still buy

    Monday, July 21 2014 8:29 AM EDT2014-07-21 12:29:31 GMT
    It you are renting and happy, then good for you. But if you are like most Americans, you hope to one day own a home of your own. Real estate expert John Adams is here to offer three ways you can own the house you want without a traditional home loan.
    It you are renting and happy, then good for you. But if you are like most Americans, you hope to one day own a home of your own. Real estate expert John Adams is here to offer three ways you can own the house you want without a traditional home loan.
Powered by WorldNow

WTXF-TV
330 Market Street
Philadelphia, PA 19106-2796

Phone: (215) 925-2929
Fax: (215) 982-5494

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices