Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
CUNA analysis New FTC ceiling on disclosure charge
WASHINGTON (1/7/08)—The Credit Union National Association (CUNA) has issued a final rule analysis of the Federal Trade Commission notice regarding charges permitted under the Fair Credit Reporting Act (FCRA). FCRA allows a credit bureau to charge a reasonable fee for making a disclosure to a consumer, up to a certain amount. Under the new FTC rule, the maximum amount will be increased from $10.00 to $10.50. The fee was originally set at $8 and is required to be adjusted periodically based on the Consumer Price Index. Adjustments are rounded to the nearest fifty cents. The higher ceiling went into effect on Jan. 1. However, CUNA notes, this fee will not apply to consumers’ requests for a free annual credit report under the provisions of the Fair and Accurate Credit Transactions Act (FACTA) of 2003. Use the resource links below for more information.
Other Resources

RSS print
News Now LiveWire
Goodwill Industries latest to report data security breach http://t.co/gIaXNsT4Bk
5 hours ago
CUNA economist Schenk discusses regulators' focus on interest-rate risk. See CU Magazine: http://t.co/tW1p9rTSSv
6 hours ago
Fed issues annual report on general-use prepaid cards in gov't-administered payment programs. http://t.co/3zPhejSPZt
7 hours ago
Children in foster care face higher risk of identity theft via @NBCNews http://t.co/Dif0hCfBdA
7 hours ago
.@Cornerstone_CUL's leadership conference includes food drive for San Antonio food bank http://t.co/h2O8O4TxuD
8 hours ago