Pennsylvania Conference for Women reposted this
Let this sink in. 50 years ago today, on October 28, 1974 women got the right to apply for credit cards in their own names, regardless of marital status. Just 50 years ago. The Equal Credit Opportunity Act, signed into law by President Gerald Ford, prohibits credit discrimination based on gender, race, marital status, age, or national origin. Credit discrimination was pervasive until the 1970s, with lenders often citing "stability" concerns for denying single women credit. The Act also helps protect small businesses owned by women and minorities, enabling access to the credit needed to start and grow their ventures. Since the Act's passage, the number of women-owned businesses in the U.S. has grown dramatically, with access to credit playing a crucial role. Since the 70s, the number of women-owned businesses has increased 30x. #ConferencesForWomen #Equality #Women