Fair Credit Reporting Act (FCRA)


Explores considerations relating to use of medical information when making credit or employment decisions and adverse action requirements. Promotes discussions surrounding reporting and disclosure requirements including how to handle direct disputes, and explains circumstances surrounding risk-based pricing notices. Discusses the Dodd-Frank Act requirements pertaining to adverse action when a credit score is used.

Re-versioned: Oct. 2015
Updated: Sept. 2017 (no changes necessary)

Learning Objectives

After completing this course, students will be able to:

  • Discuss the primary permissible purposes that affect financial institutions 
  • Describe consumer reporting requirements and overview of key notice requirements 
  • Discuss affiliate disclosure requirements 
  • Explain when and under what circumstances a risk-based pricing notice must be provided to consumers, and requirements to provide credit score information 
  • Discuss the DFA requirements pertaining to adverse action when a credit score is used​

Audience

Personnel involved in using or reporting credit information.

​Course Credits

​​​​



​Questions? Please contact training@aba.com for more information.
 

 Benefits of Self-Paced Training

 
  • Ultimate flexibility
  • Quizzes to support learning
  • Mobile format available
 

 Frontline Compliance

 
This course is available to ABA Member banks at no cost under a license agreement. Learn more
 

 Registration & Pricing

 

ABA Member • $95
Non-Member • $130

 

 Related Training