From Credit Card Watcher:
Stay-at-home spouses and partners should soon find it easier to get a credit card. Following through on changes originally proposed last fall, the Consumer Finance Protection Bureau just issued a final rule to amend Regulation Z, which implements the Truth in Lending Act. Under the amendment, credit card issuers are no longer required to consider a consumer’s independent ability to repay a debt. Instead, issuers are once again allowed to consider income and assets that an applicant, who is 21 or older, has a “reasonable expectation of access.” This means that consumers should soon be able to apply for credit based on household income once again.
Credit card issuers will have six months to comply with the new regulation.