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Federal Reserve and Federal Trade Commission Issue Risk-Based Pricing Notice Rule

The Banking Law Journal
May 2010

This article explains the risk-based pricing notice rule enacted by the Board of Governors of the Federal Reserve System and the Federal Trade Commission. The rule provides a general requirement describing when a creditor must provide risk-based pricing notices to consumers, and provides several alternative methods a creditor may use to determine whether notice is required. The article also describes several exceptions to the notice requirement.

This article originally appeared in the May 2010 issue of The Banking Law Journal.