On July 6th, the Federal Reserve Board and the Federal Trade Commission issued final rules implementing the credit score disclosure requirements of the Dodd-Frank Act. If a credit score is used in setting material terms of credit or in taking adverse action, the statute requires creditors to disclose credit scores and related information to consumers in notices under the Fair Credit Reporting Act ("FCRA"). The final rules amend Regulation V (Fair Credit Reporting) to revise the content requirements for risk-based pricing notices, and to add related model forms that reflect the new credit score disclosure requirements. The final rules also amend certain model notices in Regulation B (Equal Credit Opportunity), which combine the adverse action notice requirements for Regulation B and the FCRA, to reflect the new credit score disclosure requirements. The new rules will be effective 30 days after publication in the Federal Register, which is expected soon. Federal Reserve Board Press Release.