Good-faith compliance with this commentary affords a creditor protection under section 706(e) of the Act. Under Appendix D to the regulation, any person may request an official interpretation.
Interpretations will be issued at the discretion of designated officials and incorporated in this commentary following publication for comment in the Federal Register.
Financial gender discrimination goes farther back than credit equity, of course.
For centuries, whatever assets a wife brought to a marriage became her husband’s property. K.’s Married Women’s Property Act of 1882, but securing credit remained tricky, because women were denied credit cards unless they used their husband’s names.
Billie Jean King had served up Wimbledon gold several times, but when it came to establishing a credit history, she kept hitting the net.
The tennis champ couldn’t get her hands on a credit card unless she used the name of her husband, Larry — an unemployed law student she happened to be supporting at the time.
“[Boggs] had what we’d call a pretty solid, well-paying job, but she had no access to credit,” says Janet Golden, a history professor at Rutgers University, noting how the congresswoman’s struggle motivated fellow female activists and her male colleagues to seek change.Thank you for reading 10 free articles on our site.You can return in 30 days for more, or for immediate access LOGIN to your account (included with your 7-day print subscription) or purchase a digital subscription: Thank you for reading 10 free articles on our site.Skimming is a method of capturing a bank customer's card information by running it through a machine that reads the card's magnetic strip.
Those machines are often placed over the real card slots at ATMs and other card terminals.
With a debit card, your money instantly disappears from your checking account.