
Fed Rule Bans Card Issuers From Considering Applicants' 'Household' Incomes
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Triggering what may be a potential setback for private-label credit card issuers, the Federal Reserve Board on March 18 finalized a rule clarifying elements of the Credit Card Accountability, Responsibility and Disclosure Act that requires issuers to consider only credit card applicants' individual, not household, incomes.
