Re: Why Chat: Question about "Regulation B"

Posted by Why Chat (209.240.198.61) on October 10, 2003 at 17:29:07:

In Reply to: Why Chat: Question about "Regulation B" posted by ikya on October 10, 2003 at 14:20:00:

Basically reg. B refers to denial of credit,or denial of a job,it does NOT consider being offered a higher interest rate,or having your interest rate increased as an "adverse action" that requires notifiication.

Now, if you applied for a credit line increase, rather than an interest decrease,or a reversion to your prior lower interest, and were turnd down,THAT would be an adverse action.

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