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.
"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.
KDFW FOX 4
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