Cut through the regulatory web to develop a clean, compliant, manageable credit reporting process. From policies and procedures to quality assurance and organizational charts, this essential function impacts every financial institution. Learn basic steps that can increase efficiency, reduce risks, and calm your compliance nerves.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Appreciate the increasing credit reporting compliance risks
- Understand the critical steps to respond to credit report disputes
- Avoid employment screening related FCRA issues
- Conduct a credit reporting inventory
- Identify and avoid common compliance landmines
Credit reports continue to play an essential role in financial institution operations – but not just in lending. They are frequently used as a pre-employment screening tool. However, credit reporting continues to be one of the most cited consumer concerns and has therefore received added attention from the CFPB, examiners, and consumer “protection” and employment attorneys.
Fortunately, the regulations, examination guidance, and hard-earned experience provide detailed lessons regarding compliant credit reporting and use – if you know where to look. This webinar will focus on the unique operational and compliance challenges posed by credit reporting and use. From consumer disputes to confidentiality and the gray areas in between, this session will provide a common-sense approach to FCRA compliance and management.
WHO SHOULD ATTEND?
This informative session is designed for senior executives, managers, human resources staff, compliance personnel, lending staff, collections managers, frontline managers, internal auditors, and anyone involved with credit reporting.
- Sample FCRA policy
- Sample pre-employment credit report checklist
- Permissible purposes checklist
- FCRA examination guidance
- Employee training log
- Interactive quiz
SPEAKER: David Reed, Reed & Jolly, PLLC
Attorney, author, consultant, and nationally-recognized speaker, David Reed is a partner in the law firm of Reed & Jolly, PLLC. He provides guidance to financial institutions on establishment and revision of policies and procedures, organizational compliance, collections, security, contractual agreements, regulatory matters, and corporate governance. His engaging speaking style has made him a nationwide lecturer on regulatory compliance, consumer lending, bankruptcy, and collections.
A former trial attorney and vice president and general counsel of a large regional financial institution, David is also a Certified Fraud Examiner. He is particularly known as an expert in the areas of operations, bankruptcy, and collections. He has trained state and federal examination staff on numerous issues, including BSA, ID theft red flags, SAFE Act, third-party contract management, and bankruptcy.