Kroll Factual Data, a provider of independent verification solutions, has announced a new service to help clients save time and efficiently comply with the fair credit reporting risk-based pricing regulations that take effect January 1, 2011.
Customers can now take advantage of the ability to automatically generate Risk-Based Pricing Notices with each credit report request at no charge and an optional automated fulfillment service to print and mail notices to applicants for a nominal fee.
For users who access Kroll Factual Data’s services directly through the internet, pre-formatted notices are available directly from each credit report. For those who access services via a system integration, three options are available, depending on the system, including: notices appended to the credit report; inclusion of customer score rank, score model percentile data and the disclosure as a Portable Document Format (PDF); or as a Hypertext Markup Language (HTML). Source: Press Reports