In light of the new risk-based pricing provisions of the Federal Trade Commission's Fair and Accurate Credit Transactions Act, CUDL has developed a way to help credit unions that are looking to provide auto dealers with credit score disclosure notices.
The CUSO has developed a new tool that allows CUs to provide dealers with the necessary disclosure notices through the company's lending platform, which gives credit unions the ability to make credit disclosure notices available to dealers that are looking for assistance with being compliant with new FTC FACTA requirements for risk-based pricing notices.
CU Direct Corp., parent company for the CUDL brand, has also confirmed that it will be offering a session addressing the new FACTA risk-based pricing requirements at its 2011 Credit Union Lending Conferences, being held in May, in Newport Beach, Calif., and in September, in Washington D. C.
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