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Reg Requirement for Declining Bill Pay Service

Answered by: 

Question: 
What is the regulatory requirement for declining a customer the Bill Pay Service?
Answer: 

There isn't any, unless you use a consumer report in the denial process and then a FCRA adverse action notice would be required.

First published on BankersOnline.com 4/2/12

First published on 04/02/2012

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