Regulation B – Adverse Action Notices

The CFPB’s republishing of Regulation B resulted in a required change for Federal Credit Unions.  By January 1, 2013, FCU’s will need to change their Adverse Action Notices to include the addresses of the following Federal Agencies:

FCUs under $10 billion in assets

National Credit Union Administration (NCUA), Office of Consumer Protection (OCP), Division of Consumer Compliance and Outreach (DCCO) 1775 Duke Street, Alexandria, VA 22314


FCUs Over $10 billion in assets

Bureau of Consumer Financial Protection, 1700 G Street NW., Washington, DC 20006

State-chartered credit unions should continue to list the Federal Trade Commission (FTC), Equal Credit Opportunity, Washington, DC 20580.

For those of you who are CU*Answers clients, you can update your loan denial notices on CU*BASE GOLD by going to speed sequence MNCNFB, option number 17.

Leave a Reply

  • (will not be published)

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>