RESOURCE CENTER
Webinars
Whitepapers
Newsletters


MONTHLY ARCHIVES
February 2011 : March 2011 : April 2011


CONTACT US

Contact us at 1 888 414 1120 or email at:
decisionanalytics@experian.com







CREDIT CORNERSTONE
WEEKLY CREDIT TRENDS AND
DATA INTELLIGENCE


New rules create new opportunities
May 12, 2011

The Risk-Based Pricing Rule was approved last year by the Federal Reserve in an effort to address a concern that consumers are not sufficiently informed of the impact their credit reports can have on the price of new credit. With the passage of the Dodd-Frank Act earlier this year, the compliance decisions for lenders and many businesses are becoming more complicated.

Later this year, companies will be required to provide all customers with a credit score within an RBP Notice. Standard adverse action notices, given when the consumer is denied credit, also will have to include a score disclosure. These changes could provide new opportunities to strengthen relationships by educating consumers about what credit scores mean to them and how they're used.

To learn more, view our recent Risk-Based Pricing Webinar – The Risk-Based Pricing Rule: Winning Strategies for Compliance.

Source: Experian News Newsletter, January 2011





Did a friend forward this email to you?
Sign up to receive your own weekly copy
 

www.experian.com/decisionanalytics © Experian Information Solutions, Inc. 2011

You can call us at 1 888 414 1120 or send us an email at: decisionanalytics@experian.com.
Experian and the marks used herein are service marks or registered trademarks of Experian Information Solutions, Inc. Other product and company names mentioned herein may be the trademarks of their respective owners.

Experian, Electronic Communications, 475 Anton Blvd., Costa Mesa, CA 92626