Proposed Rules Implementing Dodd-Frank Act Changes to Adverse Action and Risk-Based Pricing Notices Takes Effect July 21, 2011

May 2011

The Federal Trade Commission and the Federal Reserve Board issued two proposed rules implementing the new content requirements added by Section 1100F of the Dodd-Frank Wall Street Reform and Consumer Protection Act.  This article, by MS&K Corporate & Business Transactions attorney Daria Boxer, provides a brief summary of the proposed rules and the main compliance issues they may present.