Federal Trade Commission July 15, 2011 – Federal Register Recent Federal Regulation Documents

Fair Credit Reporting Risk-Based Pricing Regulations
Document Number: 2011-17649
Type: Rule
Date: 2011-07-15
Agency: Federal Reserve System, Agencies and Commissions, Federal Trade Commission
On January 15, 2010, the Board and the Commission published final rules to implement the risk-based pricing provisions in section 311 of the Fair and Accurate Credit Transactions Act of 2003 (FACT Act), which amended the Fair Credit Reporting Act (FCRA). The final rules generally require a creditor to provide a risk-based pricing notice to a consumer when the creditor uses a consumer report to grant or extend credit to the consumer on material terms that are materially less favorable than the most favorable terms available to a substantial proportion of consumers from or through that creditor. The Board and the Commission are amending their respective risk-based pricing rules to require disclosure of credit scores and information relating to credit scores in risk-based pricing notices if a credit score of the consumer is used in setting the material terms of credit. These final rules reflect the new requirements in section 615(h) of the FCRA that were added by section 1100F of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Granting of Request for Early Termination of the Waiting Period Under the Premerger Notification Rules
Document Number: 2011-17525
Type: Notice
Date: 2011-07-15
Agency: Federal Trade Commission, Agencies and Commissions