Fair Credit Reporting Act, 2012

The purpose of the Fair Credit Reporting Act (FCRA) is to ensure that information in consumer reports is accurate and is obtained and used fairly. Join us to learn what your credit union needs to do to comply with the FCRA and Regulation V. During this class we will discuss:
  • What constitutes a “consumer report”
  • Adverse action notices
  • Reporting information to credit bureaus
  • Handling consumer disputes of credit bureau information
  • Risk based pricing notices
  • Fraud and active duty alerts
  • Identity theft red flag guidelines
  • Pre-screened offers of credit
  • Using medical information
 

This class is ideal for compliance and lending staff. 

Documents and handouts for this training:

 


Category: Compliance

Labels: Compliance, Compliance Guru, Fair Credit Reporting, FCRA, Heather Line