It’s hard to believe, but it was only until fifty years ago that women got the right to make major financial transactions in their own names. Following enactment of legislation in the House and Senate, President Gerald Ford signed the Equal Opportunity Credit Act into law on October 28, 1974.
Until that time, mortgages, business loans and even credit cards in their own name were denied women. Unless they had their husband or another male co-signer, they were out of luck in securing things that men and women now take for granted.
Flanking the president were the sixteen U.S. Representatives who happened to be women.
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