Adverse Action Review Checklist for Deposit Accounts
Updated 04/25/2025
Use this checklist to review consumer deposit account files to determine if adverse action notices were required and provided accordingly.
- Tool name: Adverse Action Review Checklist for Deposit Accounts
- Tool description: The Bank can use this checklist to determine compliance with the Fair Credit Reporting Act, as related to adverse action on consumer deposit accounts, as well as its own policies and procedures.
- Basis for product/tool: Fair Credit Reporting Act (FCRA)
- Link to relevant C/A toolkit: New Accounts – Consumer
- Keywords: Adverse Action, FCRA, Fair Credit Reporting Act, Regulation V
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