Nov 16 - Consumer Credit Reporting: Compliance Guidelines - CDIA

Nov 16 – Consumer Credit Reporting: Compliance Guidelines

  1. Nov 16 – Consumer Credit Reporting: Compliance Guidelines

Overview

The reporting of accurate data is an essential obligation of data furnishers under the Fair Credit Reporting Act. To help support your credit reporting, the Metro 2® Format Task Force has updated its popular Metro 2® Compliance Guidelines Webinar.

The Metro 2® Format is central to ensuring the consistency and precision of the data you report to the consumer reporting agencies.  This training will cover key data fields and codes that are used to meet the reporting requirements and includes helpful examples to demonstrate complete and accurate reporting.

This webinar was developed by experienced representatives from Equifax, Experian, Innovis, and TransUnion, and has been updated to reflect the changes to the 2020 Credit Reporting Resource Guide®.

Discussion Topics

  • Data Accuracy and Integrity
  • Compliance Condition Codes
    • Accounts closed at consumer’s request
    • Accounts in dispute
  • Date of First Delinquency
  • Consumer Information Indicators
    • Bankruptcy or Personal Receivership
    • Reaffirmation of Debt or Lease Assumption
  • ECOA Codes

Who Should Register?

  • All key financial institution personnel who have responsibility for furnishing data to consumer reporting agencies
  • Key management and supervisory personnel who know they need to audit their institution’s data furnishing practices
  • Software providers who provide systems to financial services which output data for purposes of reporting data to consumer reporting agencies
  • In-house compliance counsel

Time

Nov 16, 2020, 2 pm ET (1 pm CT, 12 pm MT, 11 am PT)

If you can’t join us for the scheduled webinar, you may register for the on-demand version of this event. The replay file as well as the handout material will be emailed to you approximately 48 hours after the event.

Includes

  • Access to the scheduled webinar and all handout materials. Please note all webinars have been previously recorded.
  • An audio re-play file of the event accessible online for up to one year
  • Free download of the latest version of the Credit Reporting Resource Guide® (CRRG®)
  • The webinar is a single sign-on experience. However, the on-demand replay can also be shared internally with your teams.

Legal Disclaimer

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

Time Requirement:95 minutes

$245

for CDIA members and non-members

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