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@VeroniqueB99 part of this is misinformation. As a single and later a married woman, I had my own bank account without a man's permission well before 1974. While most married women were dependent upon hubby's income, state (not federal) banking laws and the various banks' policies covered who was allowed to open an account, the usual criterion being age. To say women were not allowed to have their own acct prior to 1974 is not true.
@patrascan @VeroniqueB99 women could have bank accounts. As a child I had a bank account. What changed was passage of a federal law requiring that women have the same credit as their husbands. This was a tsunami
@Millicent @VeroniqueB99 married people with joint accounts would typically share the same credit rating based on joint activity, wouldn't they? That was true for me until I got divorced, after which I established my own credit rating based on my history. I do not dispute women's economic dependence upon their husbands. However. I am unaware of federal legal mandates covering womens' financial assets and credit ratings.
@patrascan @VeroniqueB99 The mother of longtime reporter Cokie Roberts, became a member of Congress when her husband died. She was wealthy and from an influential family, the type of woman who had never been told “no”. As a new widow and member of Congress she found she had no credit rating and could not secure a loan or credit card. Needless to say this made an impression. She drove legislation that extended a husband’s credit rating to his wife.
@Millicent @VeroniqueB99 ah, yes, securing a credit card was a different matter altogether. It varied from one lender to another. I had my own credit card (Bonwit Teller!) as soon as I turned 21 in 1971; I was an unmarried secretary at the low but manageable end of living wage scale. Again, I am not disputing that married women like Ms. Roberts' mom were utterly dependent upon their husbands. My point is that it was the discretion of the lenders and banks, not federal law.
@patrascan @VeroniqueB99 Agreed. The law she sponsored took away that discretion from lenders. Bonwits! The best, especially their hats!!
@patrascan @Millicent I'd frame that if I were you.