Disclosure notice: the author is an unpaid faculty associate, and a former fellow, at the Harvard Berkman Center for Internet and Society.
Alternatively, lenders can choose to send all consumers who are approved for credit another notice - known as the credit score disclosure notice - that will include their credit score.
The ads direct back to the quiz site, where there is a disclosure notice at the bottom of the page: "FedUpFacts is brought to you by the Grocery Manufacturers Association, representing the makers of the world's favorite food, beverage and consumer products".
Commercial Alert wants the organizations to require that placements be prominently identified as they occur, said Gary Ruskin, executive director, with "concurrent, conspicuous and clear" disclosures like notices before the programs start and superimposed acknowledgments as the placements appear.
Those companies then had to disclose the value of options in annual financial statement footnotes, but it is not clear how much those disclosures were noticed by investors.
Shares of Bank of America fell $1.34 on Friday after the bank's disclosure of the Wells notice.
As Marcy Wheeler, who first noticed the disclosure, has since pointed out, the disclosure has mysteriously disappeared from the congressional record.
The commissioner has the power to issue an enforcement notice compelling disclosure of the records, although the commissioner is most likely to try resolving the matter informally.
The bureau should also set national standards for loan servicers to require clear disclosure of conditions, advance notice of any changes in the status of the account and prompt resolution of customer requests for information.
