New lending rules proposed by the Federal Reserve Board have cause a bit of controversy among some of the major national corporations.

The Federal Reserve's proposition is based on an amendment that would change how individuals may qualify for a credit card.  The change suggests applicants be evaluated based on their individual income as opposed to their household income.  

However, according to a report from the Wall Street Journal, a number of major corporations claims that this would hinder millions of Americans from being able to qualify for credit.  These corporations included Citigroup, Home Depot, and Dress Barn.

The report cited stay-at-home moms as an example.  These individuals have little income of their own and would be alienated if they wanted to apply for a credit card.  These companies say that the new restrictions will not allow these people to open as many accounts at checkout. 

Due to changing attitudes from the American population, lenders are experiencing difficulty trying to get consumers to apply for new cards in recent months.  Consumers prefer other forms of payment in order to stay away from debt.