Century Negotiations Alerts Credit Card Customers to New Risk-Based Pricing Rule Amendment
Summary
North Huntington, PA, July 20, 2011 --( As a result of a rule issued by the Federal Reserve Board and the Federal Trade Commission, creditors must disclose a “risk-based pricing” notice to consumers when their credit score is used for “risk-based pricing,” or the practice of determining credit terms and prices based on a consumer’s creditworthiness.While supportive of the new amendments, Michalo-Rojas and other Century Negotiations executives say that these rules illustrate how successfully the lending industry has elevated the importance of credit worthiness in the eyes of American consumers.“But that really just means that it’s easier to take out more loans and borrow more money, which is not what most individuals and families should be doing in this economy.” To learn more about the Dodd-Frank amendments to the risk-based pricing rule, visit the FTC website at http://www.ftc.gov/opa/2011/07/riskbased.shtm.“But that really just means that it’s easier to take out more loans and borrow more money, which is not what most individuals and families should be doing in this economy.”To learn more about the Dodd-Frank amendments to the risk-based pricing rule, visit the FTC website at http://www.ftc.gov/opa/2011/07/riskbased.shtm.About Century Negotiations, Inc.Century Negotiations, Inc. (CNI) is a company dedicated to helping individuals and families rid their lives of unsecured debt.For more information call 1-888-913-8784 or visit www.CenturyNI.com.### Contact Information Century Negotiations, Inc. Maggie Beetz 1-888-913-8784 www.centuryni.com customercare@centuryNI.com Click here to view the list of recent Press Releases from Century Negotiations, Inc. Promote Your Business Press Release Pricing Email this page to a friend