Will the Fed make it more difficult for women to get credit cards?

Forbes reports that under new Fed regulations, banks will be prohibited from issuing credit cards to individuals who do not have income. Historically, credit card issuers were able to factor in household income when issuing credit cards. The new regulations require that banks consider only individual income in determining qualification for new credit. Why? Because the Fed wants to prevent students from piling up credit card debt that they cannot repay.

But, the 'law of unintended consequences' is unmerciful. The Regulations will also prevent many credit worthy people from obtaining credit cards. For example, it will become more difficult for some retirees to obtain credit - even if they have significant assets. More significantly, stay-at-home moms will find it almost impossible to get their own credit cards.

Forbes Article