Why Stay-at-home Moms Created a Petition against the 2009 Card ActMay 16, 2012 - 4:16 pm
Stay-at-home moms and househusbands across the nation are up in arms because of federal regulations that have hampered their access to credit cards because they don’t actually have an income of their own under their name.
The outrage has become so abundant that an online petition at Change.org has already garnered 33,000 signatures demanding that the law be retracted. On the petition, it says that this new law is regressive and returns housewives to the 1970s when securing a credit card of their own without the bread winner’s explicit permission was near impossible.
The law, which was part of the Card Act in 2009, was established as a means of preventing predatory lending — from college students to low-income families, the nation was saturated with high risk credit card debt. The law, which was passed in 2009, was the government’s greatest attempt at thwarting the exploitation of the have-nots.
But now, with overwhelming pressure to reassess the law and full media coverage to usher it on its way, the ball is back in the hands of the legislatures. Most of the outrage stems from stay-at-home moms that feel their labor, though unpaid, needs to be accounted for and since many share joint accounts with their husbands, they insist that the money be recognized theirs as well.
Whether or not this petition will have an impact on the current law is yet to be seen, but garnering as many signatures as they have in two weeks isn’t something to scoff out, especially in an election year.