Developed in collaboration with the Metro 2® Format Task Force, which includes experienced representatives from Equifax, Experian, Innovis, and TransUnion, this new advanced webinar will discuss the best practices for reporting direct consumer disputes using the Compliance Condition Code field as reflected in the 2021 Credit Reporting Resource Guide®. Registrants will work through case examples to further their learning.
The Compliance Condition Code allows for reporting of a condition required for legal compliance, such as when accounts are closed at consumer’s request, accounts are in dispute under the Fair Credit Billing Act (FCBA), accounts in dispute under the Fair Debt Collection Practices Act (FDCPA), and/or accounts are in dispute under the direct dispute provisions of the Fair Credit Reporting Act (FCRA) and its implementing rules.
The reporting of accurate data is an essential obligation of data furnishers. Register today to strengthen your understanding of the various condition codes to ensure compliance for your teams!