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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: October 2015
Updated: September 2017 (no changes necessary)

What You'll Learn

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

ABA Professional Certifications: 1.5 CLBB, CRCM​​​​


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

 Course Expiring

 

This course is no longer available for individual enrollments.

If you are already registered for this course, you will have until December 31, 2018, to complete it.​

 

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