Latest Compliance - Credit Report Topics

The debate on what to do about predatory lending rages on. Consumer protection organizations are telling hair-raising stories and urging action. Congress is considering remedies.

Question: In a recent article, you wrote about the FTC letter interpreting the Fair Credit Reporting Act.

Question: I have heard some people say that the FTC letter that states that a request for business credit from a business does not establish a legitimate business purpose for obtaining a con

Just when you thought you could concentrate on privacy and forget about everything else (except RESPA), the Federal Trade Commission staff issued two interpretations of the Fair Credit Reporting Ac

Question: I keep getting questions about the new privacy regulation and what it will do the to Fair Credit Reporting Act.

Question: Since both the Fair Credit Reporting Act and the new Privacy regulation have opt-out requirements, can we just comply with one?

The Heart of the Matter

The concept of opt-out is not new. It was introduced in the Fair Credit Reporting Act several years ago.

Question: We are offering a debit card to our checking account customers. The card can be used at the ATM and at point of sale. What regulations should we be concerned about?

The Comptroller of the Currency has entered into a settlement with Providian National Bank.