Which of the following is NOT a requirement of the adverse action notice?

The requirement for an adverse action notice under the Fair Credit Reporting Act (FCRA) is primarily focused on transparency and consumer rights following a negative action, such as a denial of credit or an unfavorable loan decision.

In this context, the correct choice identifies an aspect not mandated by the FCRA. An adverse action notice must inform the consumer of their right to respond, detail the steps for rectifying the situation, and provide the name of the Credit Reporting Agency (CRA) that supplied the consumer report used in the decision-making process. These requirements are aimed at ensuring consumers understand their rights and can take appropriate actions in response to adverse decisions.

Offering financial counseling, while potentially beneficial, is not a stipulated requirement of the adverse action notice. This means that lenders are not obligated by the FCRA to provide counseling services, although they may choose to do so as a best practice to support consumers facing financial difficulties. Therefore, identifying financial counseling as not being required aligns with the established provisions of the FCRA regarding adverse action notifications.