Bankowość centralna · 15/03/2011

Fair Credit Reporting Risk-Based Pricing Regulations

The Federal Trade Commission (FTC) and the Consumer Financial Protection Bureau (CFPB) have published final rules to implement risk-based pricing provisions in the Fair and Accurate Credit Transactions Act of 2003 (FACT Act), requiring creditors to provide consumers with risk-based pricing notices when using credit scores to grant or extend credit on less favorable terms.