Adverse Action Notice Article
This is a follow-up and correction to the previously sent February 10th Regulatory Update Email. Regulation B, Appendix A
, lists the agency that credit union must list on adverse action notices.
- Correction: Federal credit unions should list National Credit Union Administration, Office of Consumer Protection, 1775 Duke Street, Alexandria, VA 22314. You should note that this is NCUA’s Virginia office not its Austin, TX office.
- State-chartered credit unions should list FTC Regional Office for region in which the creditor operates or Federal Trade Commission, Equal Credit Opportunity, Washington, DC 20580.
- Credit unions with more than $10 billion in assets must list the Bureau of Consumer Financial Protection, 1700 G Street NW., Washington DC 20006.
- Credit Union Service Organizations (CUSOs) should list FTC Regional Office for region in which the creditor operates or Federal Trade Commission, Equal Credit Opportunity, Washington, DC 20580.
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