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    Reporting Your Credit Data : E-Oscar, METRO2, FCRA/FACTA and CFPB Compliance

    View: 130

    Website http://bit.ly/2plQc72 | Want to Edit it Edit Freely

    Category FCRA Compliance; FCRA background Check

    Deadline: April 04, 2018 | Date: April 04, 2018

    Venue/Country: Training Doyens 26468 E Walker Dr,Aurora, Colora, U.S.A

    Updated: 2018-03-19 13:42:21 (GMT+9)

    Call For Papers - CFP

    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 relating to the Metro 2 credit reporting guidelines relating to bankruptcies, disputed accounts and identity theft also will 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

    Chapter 7

    Chapter 13

    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 noncompliance

    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

    For more detail please click on this below link:

    http://bit.ly/2plQc72

    Email: supportattrainingdoyens.com

    Toll Free: +1-888-300-8494

    Tel: +1-720-996-1616

    Fax: +1-888-909-1882


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