On December 22nd, the Federal Reserve Board and the Federal Trade Commission released final rules that generally require a creditor to provide a consumer with a notice when, based on the consumer's credit report, the creditor provides credit to the consumer on less favorable terms than it provides to other consumers. Consumers who receive this "risk-based pricing" notice will be able to obtain a free credit report to check the accuracy of the report. The final rules are effective January 1, 2011. Joint Press Release.