The FICO Data Privacy Policy explains FICO’s collection and use of cookies. Cookies help us remember your settings to provide you with a better browsing experience; allow us to assess, monitor, and improve the website’s performance; and enable our partners to advertise to you. You may disable the cookies by changing the settings in your browser, and you may tell us not to share your cookie data with third parties. By using this website, you consent to the use of cookies as described in the FICO Data Privacy Policy.
The Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD Act) introduced sweeping changes to how US credit card issuers conduct business and price their financial services.
Of these, one of the most difficult components to comply with has been the ability to pay (ATP) provision. The Federal Reserve’s Final Rule implementing this provision requires that, prior to the extension of new credit, issuers consider an applicant’s income and/or assets in relation to the applicant’s debts.
DOWNLOAD NOW