Bankowość centralna · 15/01/2010

Federal Agencies Issue Final Rules for Fair Credit Reporting Risk-Based Pricing Regulations

The Federal Trade Commission and the Consumer Financial Protection Bureau are jointly issuing final rules to implement risk-based pricing provisions in the Fair and Accurate Credit Transactions Act of 2003, which amends the Fair Credit Reporting Act. The rules require creditors to provide a risk-based pricing notice to consumers when offering credit on less favorable terms than available to a substantial proportion of consumers.