Audio Version: Implementing FACT Act Furnisher Rules: Deadline July 1, 2010

Register Online Now!

The purchase of the audio event on " Implementing FACT Act Furnisher Rules" includes an instant download of a mp3 audio file and handout material of the April 29th, 2010 live event.  Total duration of the program is 100 minutes long.

Program Description:  

Join Mr. Stephen Van Meter, Assistant Director of the Community and Consumer Law Division at the Office of the Comptroller of the Currency, and Mr. Andrew Smith, Partner at Morrison & Foerster, for a key discussion on the requirements of these NEW rules, and to answer your questions about compliance.

The FACT Act Furnisher Rules were passed last year by the federal banking agencies and the FTC and consist of:

1. The Accuracy and Integrity Rule requires companies that provide information to credit bureaus to establish written policies regarding the “accuracy and integrity” of information furnished to the credit bureaus.

2. The Direct Dispute Rule allows consumers to take their disputes directly to the furnishers of credit report information rather than acting solely through a credit bureau.

These NEW rules will become effective July 1st and will impose major new duties for lenders, servicers, collectors and other financial institutions that report, or "furnish," information to credit bureaus.

Discussion Topics:
Stephen and Andrew will share with you their expertise and how companies are preparing for these new rules.  In their discussions, they will give you a thorough overview on:

• The new policies and procedures that each furnisher must establish and implement.
• The circumstances under which a data furnisher must reinvestigate a consumer's direct dispute and the required content of a direct dispute notice.
• Frivolous or irrelevant disputes and how such disputes must be handled.
• The Interagency Guidelines.
• Live & interactive Q&A

As a data furnisher, you are ultimately responsible for the “accuracy and integrity” of your data. Non-compliance has legal consequences and also can result in economic and reputational damages. Register today & prepare yourself to meet the new compliance requirements.

Hear and Speak with these Industry Experts:   

Stephen Van Meter is the Assistant Director of the Community and Consumer Law Division at the Office of the Comptroller of the Currency in Washington, D.C.  Mr. Van Meter works primarily on legal and policy issues relating to mortgages and consumer credit, unfair or deceptive acts or practices, financial privacy and credit reporting, and community development investments by national banks.

Andrew Smith, Partner at Morrison & Foerster. Andrew’s practice focuses on consumer financial services law, advising clients on: financial privacy issues relating to the Fair Credit Reporting Act, Fair and Accurate Credit Transactions Act, and Gramm-Leach-Bliley Act; consumer lending issues; and state and federal laws prohibiting unfair and deceptive trade practices. Andrew is a former attorney with the Federal Trade Commission and served as its FACT Act Program Manager.

Moderator: Stuart Pratt, CDIA President and CEO

Cost**: $85 How-To-Comply Subscribers CDIA Members  
             $125 CDIA Members 
             $155 How-To Comply Subscribers Non-Members  
             $195 Non-Members & Data Furnishers/Users

Don't miss out on this exceptional opportunity to learn from leading industry experts how you can prepare your organization for this new legislation. Register Today!!!

**The price includes:
Recorded telephone conference with extensive & informative Q&A sessions
Unlimited enrollment per call-insite
A MP3 audio re-play file accessible instantly after the registration

Register online *

Register via fax

*Please note that you will be asked to login in order to register. If you are a first time user on the CDIA website you will be asked to establish an account first. This process is free and it takes less than two minutes. If you are not sure if you already have a CDIA online account, you may use the password recovery feature at http://www.cdiaonline.org/account/passwordRecover.cfm.

If you have any further questions about this event or would wish to register via phone, please contact Anita Popwell at (202) 408 7408 or at apopwell@cdiaonline.org.

Legal Disclaimer: CDIA’s teleseminar are educational in nature and do not represent legal advice. If you need legal advice, consult an attorney in your jurisdiction.