Fair Credit Reporting Act Compliance – Ten Critical Issues 2019 | Total Training Solutions | 4 November 2019 | TBA

The Fair Credit Reporting Act has been in effect since 1971, but has been amended by changes in the FACT Act and most recently by the Economic Growth, Regulatory Relief and Consumer Protection Act (EGRRCPA) of May 2018. These changes increased consumer protection and implemented the “Nationwide Security Freeze”, changed rules for veteran’s medical debts, and permits consumers to rehabilitate certain information for delinquent private student loans.

Consumer complaints and the Equifax breach has increased focus by regulators. In addition, increased identify theft, fraud, and cybercrime have a direct relationship with the potential for inaccurate credit reports. There are numerous compliance challenges, ranging from what you can tell one joint applicant about the other applicant's credit, to when the FCRA portion should NOT be included with the adverse action form. What should your financial institution be doing to reduce the compliance risk of complaints & FCRA violations? Join us for a discussion of 10 issues that should be addressed in an effective FCRA compliance program.

Who Should Attend?
This informative session is designed for customer service representatives, branch managers, lenders, loan operations, credit administration, compliance personnel, collectors, and anyone who pulls credit reports, processes loan applications, or responds to questions about credit reports in the lending process.

2019 Speakers

Susan Costonis
Instructor, Compliance Training & Consulting for Financial Institutions