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CUDL tool helps CUs dealers comply with FACTA
ONTARIO, Calif. (1/12/11)--CUDL has developed a new tool to assist credit unions that are looking to provide auto dealers with credit score discloser notices required by the new risk-based pricing provisions of the Federal Trade Commission’s (FTC) Fair and Accurate Credit Transactions Act (FACTA), which became effective Jan. 1. In response to credit union requests for a solution that can be made available to auto dealers, the Ontario, Calif.-based credit union service organization, which offers indirect and point-of-purchase lending services for the credit union industry, has developed a tool that allows credit unions to provide dealers with disclosure notices through the company’s lending platform. As a result, credit unions can make credit disclosure notices available to dealers that are looking for assistance in being compliant with new FACTA requirements. CU Direct Corp., parent company for the CUDL brand, also confirmed it will offer a session addressing the new FACTA risk-based pricing requirements at its 2011 Credit Union Lending Conferences, at Newport Beach, Calif. in May, and at Washington, D.C. in September.


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