FCRA Compliance: From Delinquent Loans to New Hires

Whether using credit reports for lending or for pre-employment screening, you must comply with FCRA. Failure to do so could cause you to run afoul of the CFPB and examiners or blaze a trail toward eager consumer protection attorneys.

UPDATE: This informative webinar will discuss impacts of the CARES Act on the reporting of modified loan accounts as well as recent regulatory guidance from the CFPB related to COVID-19 and Fair Credit Reporting Act compliance.

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 these unique operational and compliance challenges. From consumer disputes to confidentiality and the gray areas in-between, this session will provide a common-sense approach to creating a clean, manageable FCRA process.

Attendance certificate provided to self-report CE credits.

• FCRA examination guidance
• Sample FCRA policy
• Sample credit report dispute resolution procedures
• Sample pre-employment credit report checklist
• Employee training log
• Interactive quiz