Impact of new credit card regulations on SAHP's

I'd also just like to say that the problem credit card companies are having with defaulting is mostly a problem of their own creation. How on earth could they consider giving a college freshman with an income of less than $5,000/year a credit card with a $10,000 limit? I'm all for responsibility, but credit card companies have been ignoring income when setting limits for years. Not only that, they give cards to young people who (to be honest) are often lacking the critical thinking and financial knowledge necessary to make good decisions about money and credit. Then when they graduate, they are saddled with credit card bills that they will struggle to pay off, especially as credit card companies raise their interest rates. /endrant

What? How is this administration allowing people with sloppy bad credit to borrow again?

What did the previous admin tighten? (to ill effect, I guess)

I don't thinking having a spouse cosign causes undo burden on somebody if it protects the economy just like security lines at the airport are a pain but protect security. Unless you husband refuses to cosign then you are not really affected.

I think it is an annoyance but I don't think we are going back to the 60's.