Adverse Action: Initial Requirements & Response After Loan Origination

Get the timing and requirements right every time. This webinar will equip financial institutions to meet ECOA and FCRA adverse action requirements by delivering accurate notices, avoiding common compliance errors, and confidently managing consumer and business credit applications.

Required notices help applicants understand what additional information or documentation is needed to complete an application or the specific reasons a credit request was declined. Two federal laws govern these notification requirements: the Equal Credit Opportunity Act (ECOA) and the Fair Credit Reporting Act (FCRA). Understanding when each law applies is essential for ensuring compliance and effectively managing the loan application process. During this webinar, you will learn the notification requirements for both consumer and business credit applications, identify when ECOA and FCRA requirements apply, and recognize common notification errors cited by regulators so they can be avoided.

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.