Credit History Requirement of Regulation B
April 11, 2002
Circular No. 11434

To All State Member Banks, Foreign Banking Organizations, and Others Concerned in the Second Federal Reserve District:

In a Consumer Affairs Letter, the Federal Reserve Board clarifies the requirement in Section 202.6(b)(6)(i) of Regulation B that lenders who consider credit history in evaluating credit requests consider the credit history, "when available," of any account of an applicant's spouse on which the applicant is or was an "authorized user."

Questions on this matter may be directed, at this Bank, to Maryann Campbell, Senior Bank Examiner, Legal and Compliance Risk Department.