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FCRA Compliance: From Delinquent Loans to New Hires

Apr 16 2:00 PM - Apr 16, 2020 3:30 PM
Apr 16, 2020 2:00 PM - 3:30 PM

Whether using credit reports for lending or for pre-employment screening,you must comply with FCRA. Failure to do so could cause you to run afoul of the CFPB and examiners or blaze a trail toward eager consumer protection attorneys.

Learning Objectives

  • Appreciate the increasing credit reporting compliance risks
  • Understand the critical steps to respond to credit report disputes
  • Avoid employment-screening-related Fair Credit Reporting Act (FCRA) issues
  • Conduct a credit reporting inventory
  • Identify and avoid common compliance landmines

Credit reports continue to play an essential role in financial institution operations – but not just in lending. They are frequently used as a pre-employment screening tool. However, credit reporting continues to be one of the most cited consumer concerns and has therefore received added attention from the CFPB, examiners, and consumer “protection” and employment attorneys.

Fortunately, the regulations, examination guidance, and hard-earned experience provide detailed lessons regarding compliant credit reporting and use – if you know where to look. This webinar will focus on these unique operational and compliance challenges. From consumer disputes to confidentiality and the gray areas in-between, this session will provide a common-sense approach to creating a clean, manageable FCRA process.



David A. Reed, JD, Reed & Jolly, PLLC

Attorney, author, consultant, and nationally-recognized speaker, David Reed is a partner in the law firm of Reed & Jolly, PLLC. He provides guidance to financial institutions on establishment and revision of policies and procedures, organizational compliance, collections, security, contractual agreements, regulatory matters, and corporate governance. His engaging speaking style has made him a nationwide lecturer on regulatory compliance, consumer lending, bankruptcy, and collections.

A former trial attorney and vice president and general counsel of a large regional financial institution, David is also a Certified Fraud Examiner. He is particularly known as an expert in the areas of operations, bankruptcy, and collections. He has trained state and federal examination staff on numerous issues, including BSA, ID theft red flags, SAFE Act, third party contract management, and bankruptcy.




Additional Info

Event Type

On-Demand Webinar

Topics Covered

  • On-Demand Webinars
  • Lending & Collections
  • Compliance