00-CU-01 / March 2000
Consumer Credit Reporting Practices
Federally Insured Credit Unions
The purpose of this letter is to make you aware of guidance recently released by the Federal Financial Institutions Examination Council (“FFIEC”)1 to financial institutions regarding consumer credit reporting practices. Please review the enclosed FFIEC Advisory Letter. A NCUA point of contact is provided in the Advisory Letter for further information.
Norman E. D’Amours
National Credit Union Administration Board
1Members include: National Credit Union Administration, Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, Office of Thrift Supervision.