« At the Intersection of Regulation Z and the MLA Rule: Comprehensive and Collision Insurance for Motor Vehicles | Main | ICYMI – NCUA MLA and Other Webinars; NCUA Regulatory Alert; CFPB Spring Rulemaking Agenda and TILA Annotated Model TRID Disclosures »

June 17, 2016


Cathie Staton

If a member comes in and applies for a loan and while they are still in the office we offer to consolidate debts or refinance an auto loan for a lower payment and/or rate, or offer a credit card with no annual fees that's ok. We just can't use a previous CBR and call and cross sell them other products and services several weeks later because of their score.

Shereefat Balogun

Hi Catherine, you're correct. The discussion was limited to cross-selling using consumer reports. The credit union may cross-sell products without the parameters described above if it is not relying on information obtained from the consumer report.

The comments to this entry are closed.

Enter your email address:

Delivered by FeedBurner