The marketing department indicates the Bank does not prescreen. However, compliance was approached to detemine if it is okay to obtain a list from a credit reporting agency of non-customers based on a minimum income, credit score and age and offer a credit card. Sounds like prescreening ... age doesn't seem appropriate (Reg B) unless it is 18 (legally able to enter into a contract). Thoughts? Best source of laymans language on prescreening?

Appendix C, Sect. V of the FCRA.

This practice is known as "prescreening" and typically involves obtaining a list of consumers from a CRA who meet certain preestablished criteria. If any person intends to use prescreened lists, that person must (1) before the offer is made, establish the criteria that will be relied upon to make the offer and to grant credit or insurance, and (2) maintain such criteria on file for a three-year period beginning on the date on which the offer is made to each consumer. In addition, any user must provide with each written solicitation a clear and conspicuous statement that:
Information contained in a consumer's CRA file was used in connection with the transaction.

The consumer received the offer because he or she satisfied the criteria for credit worthiness or insurability used to screen for the offer.

Credit or insurance may not be extended if, after the consumer responds, it is determined that the consumer does not meet the criteria used for screening or any applicable criteria bearing on credit worthiness or insurability, or the consumer does not furnish required collateral.

For future reference, this type of question best fits under the Lending thread rather than CRA. In this instance, CRA is the Community Reinvestment Act, not a Credit Reporting Agency.

Section 615 (d)

KimmB:
You just asked the most technically challenged person a question I couldn't begin to respond to. I don't think threads can be moved, but don't sweat it, posting in the wrong category happens every day. As you can see, even with the wrong geography of the website, you get accurate and timely responses from people you can trust.

I'll take care of it I forgot to move it yesterday