Reporting Your Credit Data - E-Oscar, Metro2, Fcra/Facta And Cfpb Compliance

Recorded Session
60 Minutes

Most credit reporting disputes are handled through the e-OSCAR/ACDV system, which has had recent updates that affect data furnishers’ legal obligations with regards to these disputes. This is an active area of litigation and regulatory scrutiny. This topic 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.

WHY SHOULD YOU ATTEND?

By understanding the obligations as it pertains to consumer credit reporting, legal risks can be mitigated more effectively and certain associated problems can be addressed and resolved more efficiently and effectively.

AREA 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 tradelines and related obligations.
  • HANDLING CONSUMER CLAIMS OF IDENTITY THEFT.

LEARNING OBJECTIVES

  • 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?

  • Lenders.
  • Branch Managers.
  • Assistant Branch Managers.
  • Customer Service Reps.
  • Risk Officers.
  • Collectors.
  • Trainers.

By understanding the obligations as it pertains to consumer credit reporting, legal risks can be mitigated more effectively and certain associated problems can be addressed and resolved more efficiently and effectively.

  • 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 tradelines and related obligations.
  • HANDLING CONSUMER CLAIMS OF IDENTITY THEFT.
  • 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.
  • Lenders.
  • Branch Managers.
  • Assistant Branch Managers.
  • Customer Service Reps.
  • Risk Officers.
  • Collectors.
  • Trainers.

This webinar is on hold for future date. If you are interested in this webinar,
Please contact our customer care team 510-868-1040.

Speaker Profile

ins_img Gina J. Lowdermilk

Dr. Gina J. Lowdermilk, PhD (ABD), CAMS, CRMS is a qualified BSA/AML and Financial Regulatory Compliance professional with extensive policy and procedure development and implementation, training, internal audit, monitoring, risk management, and reporting experience. Her emphasis has been on working with financial institutions that are experiencing regulatory concerns and resolutions, including enforcement actions such as memorandums of understanding and cease and desist orders. Her 15 years of experience has given her the opportunity to work with small community banks to large international financial institutions. Her roles not only included BSA/AML and Compliance, but also operations, lending services, business development, marketing, …

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