In general, both NAFCU and CUNA support the Consumer Financial Protection Bureau's rule that would amend Regulation Z to allow non-working spouses easier access to a credit card.
However, the two trade associations differed over some details in their comment letters.
The proposed rule, issued in October 2012, would remove all references to an independent ability to pay requirement for credit card applicants 21 years of age or older that was added to Reg Z by the Federal Reserve after the CARD Act was passed in 2009. The change would make it easier for non-working spouses and partners to obtain credit.
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