An adverse action is a decision by a creditor, based on a credit score, that causes the creditor to deny a consumer access to credit, or to offer anything less than the best terms available. Federal rules went into effect in 2011 requiring lenders to give to consumers a detailed explanation of the adverse action. In practice, that has meant if cons [..]

Under the Fair Credit Reporting Act, the term “adverse action” is defined very broadly to include all business, credit and employment actions affecting consumers that can be considered to have a negat [..]

Definition noun

Under the Equal Credit Opportunity Act, a creditor's refusal to grant credit on the terms requested, termination of an existing account, or an unfavorable change in an existing account. See also [..]

An adverse action is one that denies the potential buyer a line of credit; in terms of auto loans, the denial is usually based on that person's credit history.

The refusal to grant credit either in the amount or according to the terms requested by the applicant. Adverse Action Notice

An adverse action is an official personnel action, usually taken for disciplinary reasons, which adversely affects an employee and may include such punishments as a suspension for a defined period, re [..]

The decision not to grant credit either in the amount, or according to the terms, requested.

When a creditor refuses an individual’s application for credit or cancels his or her line of credit.

The revocation or denial of accreditation following a special review process when it is confirmed that an Educator Preparation Provider’s (EPP’s): (1) fails to continue to meet one or more CAEP standa [..]

Under the Equal Credit Opportunity Act, a creditor's refusal to grant credit on the terms requested, termination of an existing account, or an unfavorable change in an existing account.

Under the Equal Credit Opportunity Act, a creditor's refusal to grant credit on the terms requested, termination of an existing account, or an unfavorable change in an existing account.

An action against an employee in the form of furlough for 30 days or less, suspension in excess of 14 days, removal, or reduction in grade or pay taken for such cause as will promote the efficiency of [..]

Action taken against someone that is unlawful (e.g. an employer dismissing or refusing to employ a person, discriminating against them or demoting them).