The federal banking agencies, NCUA, and FTC have issued two new rules to implement FACT Act requirements for “furnishers” – i.e., companies, such as lenders and insurers, that furnish information to consumer reporting agencies. Under the first of the rules, a furnisher will be required to implement written policies and procedures regarding the accuracy and integrity of information it furnishes to consumer reporting agencies, including an assessment of the risks to the accuracy and integrity of furnished information. Under the second rule, a furnisher will be required to investigate disputes submitted directly to the furnisher by consumers regarding the accuracy of information in consumer reports. Compliance with both rules is required by July 1, 2010.