Is this against the fair credit act? I thought AU's who are spouses must be reported. The rep on the phone told me "absolutley not". That I was responsible for the account and not my husband so he would not be reported. Is there a change to the FCRA or can anyone provide proof that my husband must be reported? Thanks Diane
They may, or may not, choose to report. FCRA does not require them to report at all. The rep may, or may not, know accurately what their policy is. You cannot depend on what he says.
Follow up I am not one to let things go..especially when some Customer Service Rep tells me "no". I knew I saw something somewhere about spouse AU and reporting requirements. I found it. It was in a section on the FTC web site but it did not site the source. The FTC rep was suprised and said FTC did not handle the matter but directed me to the FDIC. After a few phone calls and an online inquiry through thier web site, I got an email back stating that The Equal Credit Opportunity Act by the Federal Reserve Board Regulation (B) Section 202 10(a).....states that "A creditor who furnishes credit information shall designate: 1) Any new account to reflect the participation of both spouses if the applicants spouse is permitted to use OR is contractrally liable on the account(other than as a guaranter,surety endorser, or simular party) and 2) Any existing acount to reflect such participation within 90 days of wriiten request to do so from one of the spouses." Hope that helps everyone. It is not in the FCRA but in the ECOA. Diane1432
