Stay-at-home spouses and partners should soon find it easier toget a credit card, according to the Consumer Financial ProtectionBureau.
The CFPB on Monday sent to the Federal Register a rule proposedin October that allows credit card issuers to consider income thata stay-at-home applicant, age 21 or older, shares as a third partyif it's reasonable to assume the person has access to it.
The rule will take effect upon publication and credit cardissuers will have six months to comply with the new regulation, theCFPB said.
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