Legal Ease is a ‘question of the week’ chosen from actual calls and emails received by our compliance team. Specific questions posed by community bankers are answered in an easy to understand format. Citations to relevant regulations and commentary are routinely provided. A ‘compliance tip’ is usually included at the bottom of each Legal Ease as a best practice or something to watch out for. Past Legal Ease are included in a searchable archive here.
Question of the Week
Looking at Section 608 & 609 of FCRA, it looks like as of September 21st we need to be giving consumers a copy of the Summary of Rights whenever we pull credit. Is that correct?
Learn the answer here.