Aug 12, 2024
From ECOA issues to direct disputes and the gray areas in between, this session will provide a commonsense approach to Fair Credit Reporting Act compliance and management. Join credit reporting veteran David Reed as he cuts through the regulatory web and shares a clean and manageable credit reporting process for your institution.
News on the delinquency front keeps getting worse. One of the biggest risks in delinquency is the failure to properly report an account to the credit reporting agencies. The growing issue of managing credit reporting is more than just an internal struggle at your institution. In the most recent CFPB statistics, credit reporting accounted for over 70% of consumer complaints! It is receiving added attention from both examiners and specially trained “consumer protection” attorneys. In fact, the CFPB has linked credit reporting irregularities with lapses in Equal Credit Opportunity Act compliance and promises swift action.
It appears there is a perfect storm on the horizon between delinquency control and compliance, and you need to be prepared! From policies and procedures to quality assurance and organizational charts, this essential function impacts every financial institution and there are basic steps you can take to increase efficiency, reduce risks, and calm your compliance nerves.
August 12, 2024
Webinar begins - 11:00 AM EST
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
Appreciate the increasing credit reporting compliance risks
Break down the requirements for reporting delinquent loans
Inventory your institution’s credit reporting function
Understand the critical steps to respond to credit report disputes
Create a comprehensive credit reporting quality assurance program
Access hidden industry resources
Identify and avoid common compliance landmines
TAKE-AWAY TOOLKIT:
Credit reporting inventory checklist
Sample credit report dispute response letter
FCRA examination guidance
Sample FCRA policy
Employee training log
Interactive quiz
PDF of slides and speaker’s contact info for follow-up questions
Attendance certificate provided to self-report CE credits
David A. Reed
REED & JOLLY, PLLC
WHO SHOULD ATTEND?
This informative session is designed for senior executives, managers, compliance staff, lending staff, collections managers, frontline managers, internal auditors, and anyone involved with credit reporting.
Live : $510.00
OnDemand: $510.00
Live + OnDemand: $750.00
AyZha Hazelwood, Education Meeting Coordinator
Ahazelwood@indiana.bank
317-387-9380