this post was submitted on 15 May 2025
1135 points (98.6% liked)
People Twitter
6969 readers
2428 users here now
People tweeting stuff. We allow tweets from anyone.
RULES:
- Mark NSFW content.
- No doxxing people.
- Must be a pic of the tweet or similar. No direct links to the tweet.
- No bullying or international politcs
- Be excellent to each other.
- Provide an archived link to the tweet (or similar) being shown if it's a major figure or a politician.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Women could not build individual credit until the 1974 Equal Credit Opportunity Act (ECOA). They needed a male cosigner to have a credit card prior to this.
The Fair Credit Reporting Act of 1970 expanded credit card access for minorities. Systemic credit reporting inaccuracies disproportionately impacted them prior to this with Black/Hispanic neighborhoods having 2-3x more credit disputes than white areas.
There's a reason some of the anti-inclusive members of our society want to go back to a time of lower competitiveness. Unfair advantages allowed the few to have an easier life at the expense of the many.