Stay-at-home moms fight credit card rules - Dallas News |

Stay-at-home moms fight credit card rules

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Holly McCall has two full-time jobs. One is named Alexander. The other is Jonathan.

She is a stay-at-home mom who used to work in the financial services industry. Even though she knew a bit about the business, she was surprised when her application for a credit card in her own name was denied. 

"I was a little stunned at first," said McCall. "I've got a really good credit history."

That word "denied" was in bold print Tuesday when McCall and others showed up at the Consumer Financial Protection Bureau right near the White House with a stack of petitions. The 50,000 signatures were from people who want the government to let banks count household income for adults applying for credit cards. 

Amanda Kloer with went dressed as a ‘50s housewife. Ashley Boyd joined from a group called

"It has long-term impact because this means that a person is not building and maintaining credit in their own name," said Boyd. "If something were to happen to their spouse - divorce, death or domestic violence - that would significantly impact a person's ability to be out on their own."

The law was originally designed to protect students from getting into too much debt. It was not set up to target stay-at-home parents. It just sort of worked out that way.

"Two of our most notable stay-at-home moms, Michelle Obama and Ann Romney, although their family, their household incomes are high, under this interpretation of the rule they would not qualify for a credit card," Boyd said.

McCall said she will keep pushing for a change in the regulations. That is when she is not busy at her other job – full-time mom.


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