When an applicant is required to be given an adverse action notice under Regulation B, the notice must contain the name and address of the federal agency that administers compliance with the Equal Credit Opportunity Act for that lender. For state chartered nonmember insured banks, that agency is the FDIC. Effective July 1, 2011, the address for contacting the FDIC that must be provided on the adverse action form is:
FDIC Consumer Response Center
1100 Walnut Street
Box # 11
Kansas City, MO 64106
Although the final rule amending Regulation B to implement this change becomes effective July 1, 2011, compliance is optional until May 31, 2012.
Please see full publication below for more information.
