source:
  type: regulation
  id: reg-v-1022.70
  authority: 12 CFR §1022.70 — Scope (Regulation V)
  description: 12 CFR §1022.70 — Scope.
  coverage_tier: context
obligations:
- id: reg-v-1022.70-full
  canonical_id: reg-v-1022.70-full
  section: 12 CFR §1022.70 — Scope
  type: reference
  tags:
  - regulator-direct
  - fcra
  - corpus-expansion
  - tier-context
  primary_source:
    tier: 1
    authority: 12 CFR §1022.70 — Scope (Regulation V)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1022.70
    snapshot_id: 0b571d93dad62a07
    fetched_at: '2026-06-17T20:22:49Z'
    content_hash: sha256:c72d85d047de20c6ab92103b1fee739f702b03d2c6cda33d31034fc64fc5b321
    paragraph_quote: '§ 1022.70 Scope . (a) Coverage —(1) In general. This subpart
      applies to any person , except for a person excluded from coverage of this part
      by section 1029 of the Consumer Financial Protection Act of 2010 , title X of
      the Dodd-Frank Wall Street Reform and Consumer Protection Act , Public Law 111-203
      , 124 Stat. 137 , that both: (i) Uses a consumer report in connection with an
      application for, or a grant, extension, or other provision of, credit to a consumer
      that is primarily for personal, family, or household purposes; and (ii) Based
      in whole or in part on the consumer report, grants, extends, or otherwise provides
      credit to the consumer on material terms that are materially less favorable
      than the most favorable material terms available to a substantial proportion
      of consumers from or through that person . (2) Business credit excluded. This
      subpart does not apply to an application for, or a grant, extension, or other
      provision of, credit to a consumer or to any other applicant primarily for a
      business purpose. (b) Enforcement. The provisions of this subpart will be enforced
      in accordance with the enforcement authority set forth in sections 621(a) and
      (b) of the FCRA. Consumer Financial Protection Act of 2010 Dodd-Frank Wall Street
      Reform and Consumer Protection Act'
  judgment: false
