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CFPB Settles Alleged Violations of FCRA's Risk-Based Pricing Rule | Womble Bond Dickinson - Vimarsana News

CFPB Settles Alleged Violations of FCRA's Risk-Based Pricing Rule | Womble Bond Dickinson

To embed, copy and paste the code into your website or blog: On December 11, 2020, the Consumer Financial Protection Bureau (“CFPB”) and the Arkansas Attorney General reached a $600,000 settlement with Alder Holdings, LLC concerning alleged violations of the FCRA’s Risk-Based Pricing Rule.  Alder sells home-security and alarm systems, primarily door-to-door, on a nationwide basis.    The Complaint alleged that Alder violated the FCRA’s Risk-Based Pricing Rule, 15 U.S.C. § 1681m(h), which requires companies to provide notice when they provide consumers less favorable terms based o...

CFPB Settles Violations of FCRA's Risk-Based Pricing Rule - Vimarsana News

CFPB Settles Violations of FCRA's Risk-Based Pricing Rule

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