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Adverse Action:

"Adverse action" is now defined broadly in Section 603(k) of the FCRA to cover adverse action in credit (including the denial of credit or the termination of an account), employment (including the denial of employment), licenses or benefits from a governmental entity (including denial or cancellation), and insurance (including the denial of coverage). In addition, Congress added a broad "catch-all" in Section 603(k)(1)(B)(iv), which covers, inter alia, all actions or determinations "adverse to the interests of the consumer (adverse action)" made in connection with an application made by, or a transaction initiated by, the consumer.

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