“regulators argued the law cuts into credit card companies’ profit margins” this is 100% correct

“forcing lenders to be more selective in extending credit to borrowers” which is 100% untrue. this is like saying ‘we are not making as much money, so we are gonna reduce how much money we make even further’

i am certain that in order to satisfy the C-Suite’s need for bonuses, and to also satisfy the ever greedy shareholders’ need for increased profit, they will actually start being LESS choosy about who “qualifies” for a credit card, and start handing out more of them.

who knows - maybe it would also have an impact on the mortgage scene, and people who have been paying rent on time for over a decade would finally qualify for a mortgage that is less than their rent payment…