FACTA Risk Based Pricing Disclosure Update

Posted by Thomas Conwell
On November 29, 2010
0 Comments
facta, mortgage disclosures, risk based pricing

The Federal Reserve Board and the Federal Trade Commission have completed final rulemaking pertaining to Risk-Based Pricing Disclosures (FACTA section 311.) This Federal law requires that by January 1st, 2011, a Risk-Based Pricing Disclosure (RBPD) calculation be done and appropriate notices be provided to consumers subject to “materially less favorable terms than the most favorable terms.” […]

Posted by Thomas Conwell
On July 29, 2009
0 Comments
facta, red flag

FTC Announces Expanded Business Education Campaign on ‘Red Flags’ Rule To assist small businesses and other entities, the Federal Trade Commission staff will redouble its efforts to educate them about compliance with the “Red Flags” Rule and ease compliance by providing additional resources and guidance to clarify whether businesses are covered by the Rule and […]

Posted by Thomas Conwell
On July 1, 2009
0 Comments
compliance, easyredflag, facta, mortgage red flag, red flag

Red Flag requirements take effect August 1, 2009 requiring more than 2,000,000 entities – virtually all types of lender including banks, credit unions, mortgage brokers and lenders, auto/motorcycle dealers, utility companies and cell phone providers take significant steps to detect and prevent identity theft. Credit Technologies provides a simple, free way for mortgage professionals to learn how to […]

FACTA Risk Based Pricing Disclosure Update

FTC Delays Red Flag Enforcement

FACTA Red Flag Deadline Looms