Address of CFPB Be Required On All ECOA Notices?

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Question:

Will the address of the CFPB be required on all ECOA Notices beginning on January 1, 2013?

Answer:

Bureau of Consumer Financial Protection -12CFRPart 1002 - Equal Credit Opportunity Act (Regulation B)

Appendix A to Part 1002-Federal Agencies To Be Listed in Adverse Action Notices

1. Banks, savings associations, and credit unions with total assets of over $10 billion and their affiliates: Bureau of Consumer Financial Protection, 1700 G Street NW., Washington DC 20006. Such affiliates that are not banks, savings associations, or credit unions also should list, in addition to the Bureau: FTC Regional Office for region in which the creditor operates or Federal Trade Commission, Equal Credit Opportunity, Washington, DC 20580.

First published on BankersOnline.com 1/14/13