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Tuesday, August 8, 2017

Credit Score Disclosure Law

Fdic Law Regulations Related Acts
Fdic Law Regulations Related Acts
A creditor must disclose “the credit score used by the person in making the credit decision” on a risk based pricing notice. Most credit scores that meet the FCRA definition are scores that creditors obtain from consumer reporting agencies..
A creditor must disclose “the credit score used by the person in making the credit decision” on a risk based pricing notice. Most credit scores that meet the FCRA definition are scores that creditors obtain from consumer reporting agencies..Adverse action is defined in the Equal Credit Opportunity Act and the FCRA Rule . e Information about the credit score disclosure exception is below..

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