However if you were a minority or a woman it was also a bitch to get a loan prior to it. Though women couldn’t even have their own bank accounts till… the 60s/70s?
Women earned the right in the 60s, but it wasn’t until the Equal Credit Opportunity Act passed in '74 until banks were forbidden from requiring a husband’s signature.
The Equal Credit Opportunity Act prohibits financial institutions from discriminating against applicants based on their sex, age, marital status, religion, race or national origin.
I worked for a Credit Union as a developer. I can attest that at least where I worked, there was a host of yearly modules you had to complete to ensure you were up to speed on how to not be an asshole and they took it quite seriously.
And didnt exist until 1989 in the US. Credit scores and Tay Tay are the same age.
Who?
Taylor Swift
However if you were a minority or a woman it was also a bitch to get a loan prior to it. Though women couldn’t even have their own bank accounts till… the 60s/70s?
Women earned the right in the 60s, but it wasn’t until the Equal Credit Opportunity Act passed in '74 until banks were forbidden from requiring a husband’s signature.
The Equal Credit Opportunity Act prohibits financial institutions from discriminating against applicants based on their sex, age, marital status, religion, race or national origin.
https://www.forbes.com/advisor/banking/when-could-women-open-a-bank-account/
I worked for a Credit Union as a developer. I can attest that at least where I worked, there was a host of yearly modules you had to complete to ensure you were up to speed on how to not be an asshole and they took it quite seriously.
Really? In my country, women can still have their own bank account
There was a typo. Women were not allowed until the mid 70s
Sorry, but Tay Zonday was born in '82, so predates the credit score. (There’s only one Tay Tay for me and it’s Zonday)
…TIL he’s older than me. What a wild world. He looked he was in high school when he went viral.
Credit reporting has been a thing prior to that, but yeah, scores are relatively new.