On December 22, 2009, the FRB and the FTC announced a final rule to implement the risk-based pricing requirements of section 615(h) of the FCRA. The riskbased pricing rule will require a creditor to provide a consumer with a “risk-based pricing” notice when the creditor, based on the consumer’s credit report, charges the consumer a higher interest rate than the creditor charges a substantial proportion of its other customers. Lenders are required to comply with the new rule beginning January 1, 2011.