What are your feelings about the Adverse Action notifications now going out from some lenders/funders?

Will it make doing business more difficult with the A paper folks as they send Adverse Action emails to all declined applicants, or do you welcome them proactively complying with the Equal Credit Opportunity Act and Fair Credit Reporting Act?

Does encouraging a declined client to have a direct line of communication to the lender/funder (outside of your relationship with them) to investigate the reasons for denial worry you?

Or, will it serve to help to sell the higher cost funding due to the explicit conforming to laws and offers of transparent reasoning behind denials. While revealing the strictest underwriting approvals as being for the very few? (like when a merchant comes back to you after trying for a bank loan hat-in-hand)

No matter what, it is a big step in an unknown direction...