The Federal Reserve issued a Notice of Proposed Rulemaking proposing to amend the model notices in Regulation B to include the disclosure of credit scores and information relating to credit scores if a credit score is used in taking adverse action. These proposed amendments reflect the new content requirements of the Fair Credit Reporting Act that were added by the Dodd-Frank Wall Street Reform and Consumer Protection Act. Comments must be received within 30 days after publication of the proposed rule in the Federal Register. Comments on the Paperwork Reduction Act analysis must be received within 60 days after publication. To view the entire notice, please read Federal Register 76-13896.
