BCU Webinars Webinar

The Fair Credit Reporting Act (FCRA) and Related Issues

The Fair Credit Reporting Act (FCRA) is one of the more complex rules in the banking industry, due partially to the fact that it’s been updated several times over the years. The consumer credit reporting process has been a primary area of focus by the regulators too, especially the CFPB.

There are many concerns and landmines within the credit reporting process. There are also many notices that must be provided under the FCRA, and knowing when to provide what notice can be complicated. The dispute process under the FCRA is also an area of concern. Join us to learn best practices and make sure you’re doing things correctly.

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SKU 70BWUS246075G

What You'll Learn

  • Basic FCRA definitions and requirements
  • Adverse action and required notices under the FCRA
  • Fraud Alert provisions
  • Limitations on medical information
  • Notification of reports of negative information
  • Risk-Based Pricing Notices
  • Red Flag Guidelines and the Identity Theft Prevention Program
  • Prescreened solicitations – rules and requirements
  • Sharing of information with affiliates
  • Duties of accuracy and integrity of information you report to credit bureaus
  • Consumer dispute provisions

Who Should Attend

Anyone who deals with credit reporting responsibilities and the customers who are affected would benefit from attending this session.