One of the many studies mandated by the FACT Act will be the Federal Reserve's study of prescreened credit or insurance solicitations. The study must be completed by December 4, 2004. The study will center around the mechanisms available to consumers to avoid receiving presolicitations for credit or insurance. The FRB has posed several questions including the extent to which consumers currently use blocking procedures, costs related to offers or blocking offers, and current techniques for compliance. The FRB has requested comments on study concepts by July 23, 2004.
BankersOnline is a free service made possible by the generous support of our advertisers and sponsors. Advertisers and sponsors are not responsible for site content. Please help us keep BankersOnline FREE to all banking professionals. Support our advertisers and sponsors by clicking through to learn more about their products and services.
Print Friendly!
Email This Article!
Discuss NOW!
