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Compliance with the new risk-based pricing rule
- Morrison & Foerster LLP
- -
- USA
- -
- March 31 2010
A new rule, issued by the Federal Reserve Board and the Federal Trade Commission, requires any company that uses a credit report or score in connection with a credit decision - including companies such as banks, mortgage bankers, auto lenders, retailers, and public utilities - to send notice to a consumer when, based on a credit report or score, the company grants credit on "material terms that are materially less favorable than the most favorable terms available to a substantial proportion of consumers."
Don’t forget the FCRA risk-based pricing rule
- Morrison & Foerster LLP
- -
- USA
- -
- June 4 2010
In less turbulent times, the FCRA risk-based pricing rule would be a big deal, and a newsletter like ours might have even led with it
Mortgage disclosure clarifications
- Morrison & Foerster LLP
- -
- USA
- -
- March 11 2011
The Board has issued a new interim rule clarifying parts of its original interim rule implementing certain disclosure provisions of the Mortgage Disclosure Improvement Act of 2008
Current Search
- Workarea - Banking
- Firm Name - Morrison & Foerster LLP
- Author - Joe Gabai
- Author - Andrew M. Smith