Across the consumer financial services industry, credit reporting risk and compliance remain a top concern as seen in a recent consent order issued by the CFPB against a federal savings association for failing to comply with the Fair Credit Reporting Act (FCRA) and the Consumer Financial Protection Act (CFPA). Litigation and regulatory enforcement under the FCRA continue to increase and most industry-watchers expect that trend to continue. FCRA violations alleged by regulators or asserted in private litigation can prove costly to furnishers and credit reporting agencies alike, and require advance planning and investment in effective compliance controls to reduce potential risk.
Join John Culhane, Jr., Stefanie Jackman, Joel Tasca and Christopher Willis from Ballard Spahr for this important discussion on how to reduce FCRA risks and enhance compliance and consistency going forward. This event includes a recorded Q&A session moderated by Francis Creighton, President & CEO of the Consumer Data Industry Association.