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RISK-BASED PRICING NOTICES

Auto Finance NewsbyAuto Finance News
November 5, 2010
in Archives
Reading Time: 1 min read
0

The FRB and FTC have released rules related to risk-based pricing practices by creditors that take effect 1/1/11; a notice is required when the creditor offers credit to the consumer on less favorable terms than it provides to other consumers. The FTC provides a sample (B-4) form for this purpose.

I am curious what dealers and lenders are doing to comply with this new rule?

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