In May 2022, the CFPB issued Circular 2022-3 addressing Equal Credit Opportunity Act (ECOA) adverse action notice requirements in connection with credit decisions based on algorithms. The CFPB is now ...
Adverse action notices, a perennial compliance issue, should not be neglected and, indeed, warrant closer scrutiny. The CFPB has long been interested in adverse action issues. This began in 2015 when ...
If you get turned down for a loan or line of credit, an adverse action notice can explain why. Although you might not be able to fix the problem with your credit overnight, knowing what’s wrong will ...
An adverse action notice tells you why your credit application was denied. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain ...
BEACHWOOD, Ohio--(BUSINESS WIRE)--Intellicorp Records, Inc., a Verisk (Nasdaq:VRSK) business, announced today an enhanced solution for Pre-Adverse and Adverse Action notices, a required component of ...
An Illinois Kia dealership is being sued by a consumer after the retailer allegedly failed to provide adverse action notices required by federal law after the customer was denied credit last year. The ...
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