Under the new rules, pre-approval offers by mail to anyone under 25 is no longer allowed, students--and anyone else under the age of 21--must prove they have sufficient income to pay off credit card debt they incur, have a parent or family member co-sign their credit card contract or be added as an authorized user on a parent's credit card rather than opening their own.
To support his applications, his firm files an affidavit signed by his client's parent or closest family member in support of Moore's request for a fatter fee.
But, with 30 years international experience at HSBC, of late at very senior levels, and a member of the parent company board since 2008, it is not credible that Stuart Gulliver can escape blame, though the previous CEO Lord Green, currently the Trade Minister in an increasingly scandal-ridden Conservative cabinet, is yet more culpable.