Reply to Enlighten me about SAHMs and credit cards

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]

The problem with this is if a person is in an abusive relationship and they need a credit card to help get out of that relationship they can not get a credit card without the abuser's permission.
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OP here. Thanks for posting this.

I know some women's groups have a problem with the Card Act for the reasons you mentioned. I think it's a valid reasons to find it problematic. [/quote]

Yes. I also read somewhere (because wasn't this Act approved months ago) that it was agreed that it is not the responsiblity of credit card companies to protect abused persons and that private instituations should fund initiatives and receive grants for protection.

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Do you disagree with that? I've read information written by those who oppose the act for this reason, but I'm not an expert on it. I'm not sure that I'd disagree with the statement that nonprofit organizations directed at helping victims of abuse are more reliable than a credit institution. [/quote]

From a business perspective if my business is not to protect abused people then it would not be of value to have that as part of my mission.

From a moral perspective, I think we all should help abused people.

So from a business perspective I agree. I do not want CC to take a risk that they can not cover, which in the end is covered by the govt., which in the end is paid by the taxpayer.

No law is perfect. This is one inperfection in the law and  something should be put in place to mitigate the risk. There are some organizations that are good at helping abused victims and they are also the ones that brought this to the attention of the lawmakers.[/quote]

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