Skip Header

Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Home > News & Events > Inactive Financial Institution Letters 

Inactive Financial Institution Letters 

Equal Credit Opportunity Act and Fair Credit Reporting Act

April 14, 1998


SUBJECT: Federal Reserve Board Revises Model Adverse Action Notice

The Board of Governors of the Federal Reserve System (FRB) has adopted amendments revising the model adverse action forms contained in Appendix C of Regulation B, which implements the Equal Credit Opportunity Act. The revisions incorporate changes to the Fair Credit Reporting Act adopted by Congress on September 30, 1996. Those changes require that additional information be disclosed to consumers about facts obtained from a credit report when adverse action is taken on a credit account or credit application.

The attached Federal Register notice contains the FRB's final rule, effective April 30, 1998.

For further information, please contact Jane Jensen Gell, Senior Attorney, or Pamela Morris Blumenthal, Staff Attorney, in the FRB's Division of Consumer and Community Affairs on (202) 452-3667. You may also contact:

  • James K. Baebel, Senior Review Examiner in the FDIC's Division of Compliance and Consumer Affairs, on (202) 942-3086 (e-mail or

  • Ann Johnson, Counsel in the FDIC's Legal Division, on (202) 898-3573 (e-mail

Carmen J. Sullivan

Attachment: April 3 Fed. Reg., pages 16392-16401

Distribution: FDIC-Supervised Banks (Commercial and Savings)

NOTE: Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center, 801 17th Street, N.W., Room 100, Washington D.C. 20434 (800-276-6003 or (703) 562-2200).

Last Updated 3/24/2004

Skip Footer back to content