Organize and Presented By
Training Doyens
Sponsored By
Training Doyens
Organizing/Related Departments
Training Doyens
Organization Type
Organization/Company
WebinarCategory
Both (Technical & Non Technical)
WebinarLevel
All (State/Province/Region, National & International)
Related Industries
Education/Teaching/Training/Development
Business Development
Finance
Administration/Management
OTHERS
Location
Denver, Colorado, United States
OVERVIEW
Understand your potential legal risk and compliance obligations with respect to consumer credit reporting. Many financial institutions which furnish consumer credit information on a periodic basis to Credit Reporting Agencies (CRAs) experience challenges in furnishing data in the Metro 2® format.
Most credit reporting disputes are handled through the E-OSCAR/ACDV system, which has had recent updates that affect data furnishers' legal obligations in regard to these disputes. This is an active area of litigation and regulatory scrutiny that is consistently being reviewed by examiners and regulators.
WHY SHOULD YOU ATTEND
This webinar will help attendees better understand their potential legal risk and compliance obligations with respect to consumer credit reporting. Special problems related to the Metro 2 credit reporting guidelines, bankruptcies, disputed accounts and identity theft will also be addressed.
AREAS COVERED
METRO 2 CREDIT REPORTING GUIDELINES
- Furnishers' initial reporting obligations under 15 U.S.C. § 1681s-2(a)
- Recent FCRA and related litigation
- Reporting of accounts included in bankruptcy
- Reporting of accounts in dispute
E-OSCAR AND FCRA LITIGATION RISK AND COMPLIANCE BURDEN
- Recent developments in FCRA/CFPB compliance requirements
- Responding to a CRA dispute and the ACDV System (15 U.S.C. § 1681s-2(b))
- Scope of review of consumer dispute
- Deletion of trade lines and related obligations
HANDLING CONSUMER CLAIMS OF IDENTITY THEFT
- Review of CFPB's Supervisory Bulletin including Furnishers Duty to Investigate Consumer Credit Report Disputes
- All agencies will apply CFPB tougher exam standards
- FACTA Section 312 will play a key part in your agencies expectations
- Your responsibilities under the FACTA-Red Flag guidelines as a Data Furnisher
- Reviewing your trade line information to be in compliance and reduce risk
- Reporting Data Reporting your information monthly using the METRO or METRO-2 format
- Using E-OSCAR to view and respond to consumer disputes- Automated Credit Dispute Verifications (ACDV Responses)
- Using E-OSCAR to create and submit interim maintenance requests Automated Universal Data forms (AUDs) for previously reported trade lines
- NEW Compliance points and running quality control checks
CONCLUSION
-
- Putting this knowledge into action & reducing your Institution's risk!
ACTION STEPS TO IMPROVE COMPLIANCE
- Analyze Input Channels
- Servicing System to Metro 2 File Review to CRA Soft Pull
- Risk Ranking
- Remediate Issues Identified
- Establish Credit Reporting Oversight and Framework for Future State
- Update P&Ps
- Establish Ongoing Monitoring
LEARNING OBJECTIVES
- You will be able to discuss penalties for non-compliance
- You will be able to review the credit reporting lifecycle
- You will be able to describe an executive reporting dashboard
- You will be able to describe major credit reporting compliance obligations
- You will be able to recognize potential areas of litigation risk in connection with investigation in response to a credit reporting dispute
- You will be able to discuss Metro 2 Credit Reporting Guidelines and related obligations of CRAs and furnishers
- You will be able to explain CRAs' and furnishers' obligations in response to an ACDV
WHO WILL BENEFIT
- Compliance Officers
- Lenders
- Operations Personnel
- Branch Managers
- Assistant Branch Managers
- Customer Service Reps
- Consumer lenders
- Risk Officers
- Collectors
- Auditors
- Trainers
- Everyone in your institution dealing with consumers, credit information and identity theft
Use Promo Code MKT10N and get flat 10% discount on all purchases
To Register (or) for more details please click on this below link:
http://bit.ly/2J8z3qu
Email: [email protected]
Toll Free: +1-888-300-8494
Tel: +1-720-996-1616
Fax: +1-888-909-1882
Others Details
Learn about the potential legal risks and compliance obligations with respect to consumer credit reporting. The webinar discusses CFPB compliance, bankruptcies, E-OSCAR, Metro 2, FCRA background check and more.
Registration Fees
Available
Registration Fees Details
Live Session
for one participant
$199
Corporate Live Session
Group - Max 10 Participants from one Location.
$549
Recorded Session
Get unlimited access to the link for six months.
$219
Training DVD or USB Flash Drive
Free shipment within 72 Hours, from the date of webinar completion
$399
Super Combo Offer 1
Live and Recorded webinar
$329
Super Combo Offer 2
Live and Training DVD / USB Flash Drive
$499
Registration Ways
Email
Phone
Website
Other
Address/Venue
26468 E Walker Dr,Aurora, Colorado
Aurora, Colorado 80016
Pin/Zip Code : 80016