Tarnished Lady is a 1931 American pre-Code drama film directed by George Cukor and starring Tallulah Bankhead and Clive Brook.

Although she loves writer DeWitt Taylor, who is indifferent to amassing a fortune, her mother urges her to marry stockbroker Norman Cravath instead.

Unaware Norman's firm has just been barred from the stock market and he is facing financial ruin, Nancy tells her husband she is leaving him.

When she discovers she is pregnant, Ben offers her a place to live and, after the birth of her child, he hires her to work in his department store.

Mordaunt Hall of The New York Times observed, "Miss Bankhead acquits herself with considerable distinction, but the vehicle to which she lends her talent is no masterpiece.