Metro 2

Metro 2 Format for Credit Reporting

  Resources

• Instructions to access the Metro 2 Format
• New Announcing New & Changed Special Comments for Metro 2 Format (Jan. 2010)
• New Guidelines for Reporting Accounts Included in Bankruptcy Chapter 13 (Dec. 2009)
• Updated - Mortgage & Home Equity Reporting Guidelines In Response to Current Financial Conditions (updated November, 2009)
• Updated - Announcing a New Field and Future Codes for Metro 2 Format (Updated May 2009)
• Reporting Guidelines for Portfolio Acquisitions (Oct. 2008)
• Announcing New Address Indicator Code (updated Nov. 2008)
• Reporting Accounts Affected by Natural or Declared Disaster (10/2007)
• Third-Party Debt Collectors or Debt Buyer Guidance (09/2007) 

 News

• FACTA Amendments Affect Medical Data Reporting- (5/2004)
• NCO Group to Pay Largest FCRA Civil Penalty to Date- (5/2004)
• Federal Regulators Urge Creditors Not to Withhold Debtor Data
• Court Says Lenders Must Clear up Inaccurate Information About Consumers Given to Credit Bureaus
• FTC Says Creditors Must Reinvestigate Disputes from Resellers
• Court Says Furnishers Face Reinvestigation Liability
• FTC Consent Decree related to Consumer Dispute Responses

Special Note to Software Vendors

CDIA strongly recommends all software vendors to beta test a sampling of your customers' data with each consumer reporting agency prior to mass distribution of software to ensure Metro 2 standards have been met. Refer to the Implementation Checklist in the Credit Reporting Resource Guide; section 8, for details.