The Consumer Protection Bureau Will Review A Law That's Infuriating Homemakers

[exboyfil]

1. I hate to question this but

what would keep this from being horribly abused? I can't see how your ability to pay is calculated based upon your family's income, but the responsibility for the debt only applies to the individual who does not work? Would you be willing to make such a loan? My wife is a stay at home mom, and all of her credit is tied to me I think (except for the Penny's card she had before she met me). Credit is not an entitlement especially unsecured credit associated with credit cards. I can see how you don't want women trapped in bad marriages without any opportunity to exit, but is giving them credit in this fashion the answer? What will it mean for those who structure their credit like my family does? Will banks want to leave the field if they are mandated to loan based upon family income, but are only able to collect from the non-working spouse (who may have no assets - those who game the system will ensure this as well).

I guess their are states in which debts of either spouse is the responsibility of the other spouse (community property) it really does not matter, but for states that are not community property?