San Diego, CA - The Commission is
seeking public comment to aid staff in preparing a study
on the effects of credit scores and credit-based insurance
scores on the price and availability of various financial
products and services.
The Fair and Accurate Credit Transactions Act (FACTA),
which was enacted in December 2003, directs the FTC and
the Federal Reserve Board, in consultation with the
Department of Housing and Urban Development, to conduct
the credit score study and to examine whether the use of
any of these tools has discriminatory impacts. The FTC is
seeking information on any aspects of credit scores and
credit-based insurance scores, including their use and how
it has changed over time. Specific topics the FTC has
asked commenters to address are listed in detail in the
Federal Register notice.
Comments can be submitted electronically at :https://secure.commentworks.com/FTCCreditScoreStudy/.
Written comments should refer to FACT Act Scores Study
on both the text and the envelope, and should be mailed or
delivered to: Federal Trade Commission, Office of the
Secretary, Room H-159 (Annex Z), 600 Pennsylvania Ave.,
N.W., Washington, DC 20580.
Comments containing confidential material must be filed in
paper form, with the first page of the document clearly
marked Confidential. The FTC requests that any comment
filed in paper form be sent by courier or overnight
service, if possible, because U.S. postal mail in the
Washington area and at the Commission is subject to delay
due to heightened security precautions. Comments must be
received by April 25, 2005. The Commission vote
authorizing publication of the Federal Register notice was
5-0. (FTC File No. P044804; the staff contact is Jesse B.
Leary, Bureau of Economics,
202-326-3480.)
Copies of the documents mentioned in this release are
available from the FTC s Web site at
http://www.ftc.gov and
also from the FTC s Consumer Response Center, Room 130,
600 Pennsylvania Avenue, N.W., Washington, DC 20580. Call
toll-free: 1-877-FTC-HELP.
MEDIA CONTACT:
Office of Public Affairs
202-326-2180
(http://www.ftc.gov/opa/2005/01/fyi0513.htm)