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Banking group critiques stay-at-home spouse CARD Act rule
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Banking, Consumer Protection
Monday, January 14, 2013
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A major banking trade group signaled support for a Consumer Financial Protection Bureau proposal intended to ensure that stay-at-home spouses have access to credit cards. The American Bankers Association said it “strongly approves the direction of the proposal.” However, the ABA offered a number of suggestions the group said would address practical considerations and facilitate compliance.
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