Based on our research there are only two areas of the FACT Act that directly relate to CU*BASE tools.  One has to do with credit reports and the other with your credit union's requirement to provide certain notices to members. 

As far as the credit report requirements, Sync1 and the three credit bureaus are working together to provide all of the necessary information on all credit reports pulled through the CU*BASE online credit bureau access system.  New data will appear on the "human-readable" credit report detail (most new items will be in the Fraud Summary section, although some appear in the Consumer segment).  Some of the information was already added earlier in the year; all necessary changes will be in place for credit reports pulled as of December 1, 2004.

Use the links below to learn more about CU*BASE tools for the notice requirements of the FACT Act.