Prohibition of Inclusion of Adverse Information in Consumer Reporting in Cases of Human Trafficking (Regulation V) Final Rule

The consumer disclosures included in Regulation V are designed to alert consumers that a financial institution furnished negative information about them to a consumer reporting agency, that they have a right to opt out of receiving marketing materials and credit or insurance offers, that their credit report was used in setting the material terms of credit that may be less favorable than the terms offered to consumers with better credit histories, that they maintain certain rights with respect to a theft of their identity that they reported to a consumer reporting agency, that they maintain rights with respect to knowing what is in their consumer reporting agency file, that they can request a free credit report, that they can report a theft of their identity to the CFPB, and that they maintain rights with respect to obtaining a security freeze. Consumers then can use the information provided to consider how and when to check and use their credit reports.

The latest form for Prohibition of Inclusion of Adverse Information in Consumer Reporting in Cases of Human Trafficking (Regulation V) Final Rule expires 2023-11-30 and can be found here.