Agencies Issue Final Rules on Affiliate Marketing

Fair and Accurate Credit Transactions Act (FACTA)Federal Deposit Insurance Corporation (FDIC)
Federal Reserve Board (FRB)
National Credit Union Administration (NCUA)
Office of the Comptroller of the Currency (OCC)
Office of Thrift Supervision (OTS)General Information
Privacy

The federal financial regulatory agencies issued final rules today that provide consumers with an opportunity to "opt out" before a financial institution uses information provided by an affiliated company to market its products and services to the consumer. The final rules on affiliate marketing implement section 214 of the Fair and Accurate Credit Transactions Act of 2003, which amends the Fair Credit Reporting Act (FCRA).

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