ECOA, Regulation B, and the spousal guaranty: recent developments.

The authors examine the protections afforded spouses under the Equal Credit Opportunity Act and Regulation B in the context of spousal guaranties of commercial loans to business entities. They discuss remedies available to injured plaintiffs, proposes compliance guidelines for commercial lenders seeking to avoid the pitfalls in this area, and consider viable strategies for claimants seeking to invoke the Act's remedial provisions.