This webinar will discuss the Regulation V - Fair Credit Reporting Act(FCRA) in details and explain attendees what types of marketing are allowed, requirements of affiliate marketing, and disclosures required with regard to consumer credit report. Speaker will discuss about consumer credit report alerts and identity theft protections, as well as what an institution must do with these alerts.
The FCRA contains responsibilities both for entities that are consumer reporting agencies and for persons that operate in any of the following capacities:
Why Should You Attend:
The Fair Credit Reporting Act (FCRA) requires the furnishers of information to consumer reporting agencies ensure the accuracy of data placed in the consumer reporting system. Additionally, the FCRA prohibits the use of consumer reports for impermissible purposes, and it requires users of consumer reports to provide certain disclosures to consumers. The FCRA also limits certain information sharing between affiliated companies.The FCRA contains responsibilities both for entities that are consumer reporting agencies and for persons that operate in any of the following capacities:
- Procurers and users of information (for example, as credit grantors, purchasers of dealer paper, or when opening deposit accounts)
- Furnishers and transmitters of information (by reporting information to consumer reporting agencies, other third parties, or to affiliates)
- Marketers of credit or insurance products and
- Employers
- This webinar training will help attendees understand the process and policies of FCRA regarding disclosures required with regard to consumer credit report and how to implement consumer alerts and identity theft protections.
Learning Objectives:
- Understand what types of marketing are allowed.
- Learn requirements of affiliate marketing and disclosures required with regard to consumer credit report.
- Learn about consumer credit report alerts and identity theft protections, as well as what an institution must do with these alerts.
Areas Covered in the Webinar:
- Obtaining consumer reports
- Obtaining Information and sharing among affiliates
- Disclosures to consumers
- Miscellaneous requirements of disclosures
- Furnishing credit information
- Consumer alerts and identity theft protections
Who Will Benefit:
- Chief compliance officers
- Compliance officers
- Compliance and/or legal departments
- Internal audit departments
- Operations personnel
- Lending
- Loan officers or sales personnel
- Branch managers
- Marketing personnel
- Servicing department personnel
Course Provider
Kara Lamphere,
