What You Need to Know About Risk Based Pricing Regulations
Sep 10, 2010 Brian Bradley
As I mentioned in a previous blog post, a new rule for risked based pricing issued by the Federal Reserve Board and the Federal Trade Commission will go into effect January 1, 2011. The new regulation will require any company that uses
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Financial Institutions Too Big to Fail
Sep 01, 2010 Brian Bradley
The economic crisis has exposed the imperfections of the financial system and the need for regulatory reform. Government and the financial experts are searching for solutions to improve the economic landscape and to fix the problems that have
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Complying with the New Risk Based Pricing Regulations
Aug 31, 2010 Brian Bradley
Risk-based pricing refers to the practice of using a consumer's credit report, which reflects the risk of default, in setting or adjusting the price and other terms of credit offered or extended to a particular consumer. The new FCRA
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Something Other Than Credit Reports
Aug 16, 2010 Brian Bradley
Lenders, such as banks and credit card companies, use credit scores to evaluate the potential risk posed by lending money to consumers and to mitigate losses due to bad debt. They use credit scores to determine who qualifies for a loan, at
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The Importance of a Strong Risk Management Plan
Aug 11, 2010 Matt Roesly
Former President John F. Kennedy once said, "There are risks and costs to a program of action, but they are far less than the long-range risks and costs of comfortable inaction". When making any business decision, there are risks that
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