Announced Action for February 17, 2005

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Request for public comments: The Commission is seeking public comment to aid staff in preparing a study on the effects of credit scores and credit-based insurance scores on the price and availability of various financial products and services. The Fair and Accurate Credit Transactions Act (FACTA), which was enacted in December 2003, directs the FTC and the Federal Reserve Board, in consultation with the Department of Housing and Urban Development, to conduct the credit score study and to examine whether the use of any of these tools has discriminatory impacts. The FTC is seeking information on any aspects of credit scores and credit-based insurance scores, including their use and how it has changed over time. Specific topics the FTC has asked commenters to address are listed in detail in the Federal Register notice.

Comments can be submitted electronically at Written comments should refer to “FACT Act Scores Study” on both the text and the envelope, and should be mailed or delivered to: Federal Trade Commission, Office of the Secretary, Room H-159 (Annex Z), 600 Pennsylvania Ave., N.W., Washington, DC 20580. Comments containing confidential material must be filed in paper form, with the first page of the document clearly marked “Confidential.” The FTC requests that any comment filed in paper form be sent by courier or overnight service, if possible, because U.S. postal mail in the Washington area and at the Commission is subject to delay due to heightened security precautions. Comments must be received by April 25, 2005. The Commission vote authorizing publication of the Federal Register notice was 5-0. (FTC File No. P044804; the staff contact is Jesse B. Leary, Bureau of Economics, 202-326-3480.)

Copies of the documents mentioned in this release are available from the FTC’s Web site at and also from the FTC’s Consumer Response Center, Room 130, 600 Pennsylvania Avenue, N.W., Washington, DC 20580. Call toll-free: 1-877-FTC-HELP.

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