(a) Designation of accounts. A creditor that furnishes credit information shall designate:
(1) Any new account to reflect the participation of both spouses if the applicant's spouse is permitted to use or is contractually liable on the account (other than as a guarantor, surety, endorser, or similar party); and
(2) Any existing account to reflect such participation, within 90 days after receiving a written request to do so from one of the spouses.
(b) Routine reports to consumer reporting agency. If a creditor furnishes credit information to a consumer reporting agency concerning an account designated to reflect the participation of both spouses, the creditor shall furnish the information in a manner that will enable the agency to provide access to the information in the name of each spouse.
(c) Reporting in response to inquiry. If a creditor furnishes credit information in response to an inquiry, concerning an account designated to reflect the participation of both spouses, the creditor shall furnish the information in the name of the spouse about whom the information is requested.
Notes of Decisions
Powell v. Am. Gen. Fin., Inc., 310 F. Supp. 2d 481 (N.D.N.Y. 2004).
“See 12 C.F.R. § 202.10 (b). Likewise, Plaintiffs complaint fails to allege a “ ‘causal connection between a facially neutral policy .”
Morris v. Trans Union LLC, 420 F. Supp. 2d 733 (S.D. Tex. 2006).
“” 12 C.F.R. § 202.10 (emphasis added). This section does not authorize creditors to designate accounts held individually by one spouse as joint accounts; nor does it place an imprimatur of accuracy on designations made by creditors.”
Dominick v. Sears, Roebuck & Co., 741 S.W.2d 290 (Mo. Ct. App. 1987).
“Regulation B, 12 C.F.R. § 202.10 (b) (1982), required creditors to determine whether an applicant’s spouse was permitted to use the account and if so to report credit information pertaining to the account in a manner that would enable a consumer reporting agency to provide…”
Tua v. Barclays Bank Delaware (D. Haw. 2022).
“10 ; see also 12 C.F.R. § 202.10 . Tua may be correct in asserting that, in the event of a conflict between the Fair Credit Reporting Act and Regulation B, the Fair Credit Reporting Act prevails.”
Melwani v. First USA Bank, N.A., 96 F. App'x 755 (2d Cir. 2004).
“” See 12 C.F.R. § 202.10 . In reporting this credit information, the creditor is not required to “distinguish between accounts on which the spouse is an authorized user and accounts on which the spouse is a contractually liable party.”
— 12 C.F.R. § 202.10(a) — 1 case
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