Fair Credit Reporting Act (FCRA) for Compliance Professionals


Recognizing consumer protection is a hot topic, this course provides the key conceptual and practical information necessary to successfully apply the FCRA and Fair and Accurate Credit Transactions Act (FACTA). It covers key terms, processes, notices, disclosures, regulatory issues and risk mitigation strategies.

Updated: November 2017
Re-versioned: June 2016

Learning Objectives

After completing this course, students will be able to:

  • Describe the specific limitations on obtaining and using medical information in credit decisions
  • Explain the restrictions on sharing data obtained in consumer financial reports, and the consumer's rights of notification and choice in this matter
  • Cite the consumer notices and disclosures that are required when credit decisions are made using data from a consumer financial report
  • Develop and implement an appropriate response process for your institution when information in a consumer report is disputed
  • Explain the rights and responsibilities of consumers, furnishers and CRAs when fraud alerts are placed on a consumer report

Audience

Compliance professionals including compliance managers, officers, and other compliance team members whose primary role is within the compliance function at their financial institution; bank examiners, bank regulators, auditors and lending compliance professionals.

Course Credits

ICB Certifications: 3.0 CRCM

ABA Certificates: This course applies to the ABA Certificate in Lending Compliance.

Your Instructor

Patti Blenden
President and Founder
Financial Solutions, Inc.

Patti is frequently a featured speaker at national and state compliance seminars, schools, and conferences as well as a published compliance resource. Patti has been a frequent presenter for American Bankers Association ​​and serves as a faculty member of its prestigious Stonier Graduate School of Banking and its National, Intermediate, and Graduate Compliance Schools.​​​​​

Questions? Please contact ABA Training​ for more information.
 

 Benefits of Self-Paced Training

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

 Registration & Pricing

 

Individual Purchase:
ABA Member • $275
Non-Member • $375

Purchase for a Team:
To license this course to your bank for multiple learners, please contact ABA Training.

 

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