Skip to content
BOL Conferences
Thread Options
#1680557 - 03/21/12 07:00 PM Must use multiple CRA?
Who_am_I Offline
New Poster
Joined: Sep 2011
Posts: 1
I have been told that a bank cannot use the same credit reporting agency for different consumer loan products offered by the bank such as credit card and home mortgage under FCRA, is this true?
Our credit card department and loan department request credit reports from the same CRA for credit decision. You help is most appreciated.

Thank you,

Return to Top
#1680565 - 03/21/12 07:03 PM Re: Must use multiple CRA? Who_am_I
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,532
Bloomington, IN
Who is telling you this and what section of the FCRA are they relying on for such an absurd opinion?
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

Return to Top