Effective Management of Credit Report Disputes
On-Demand Webinar:
StreamedApr 25, 2023Duration90 minutes
- Unlimited & shareable access starting two business days after live stream
- Available on desktop, mobile & tablet devices 24/7
- Take-away toolkit
- Ability to download webinar video
- Presenter's contact info for questions
Fully 70% of consumer complaints to the CFPB revolve around credit reporting!
Noncompliance
with FCRA can domino into lapses in ECOA compliance – which is simply inviting
action by the CFPB. From automated
disputes to direct disputes and all the gray areas in between, this session
will provide a commonsense approach to FCRA dispute compliance and management.
AFTER
THIS WEBINAR YOU’LL BE ABLE TO:
- Appreciate the increasing credit reporting compliance risks
- Maximize the credit reporting dispute process
- Examine the optimal alignment for dispute management
- Understand the critical steps in responding to credit report disputes
- Create a plan for effective dispute management
- Identify and avoid common compliance landmines
WEBINAR DETAILS
The issue of managing credit reporting disputes is
growing. In the most recent Consumer
Financial Protection Bureau (CFPB) statistics, credit reporting accounted for
over 70% of consumer complaints! It is receiving added attention from both
examiners and consumer protection attorneys. In fact, the CFPB has linked credit reporting irregularities with lapses
in Equal Credit Opportunity Act compliance and has promised swift action. From policies and procedures to quality
assurance and organizational charts, this essential function impacts every
financial institution and there are some basic steps you can take to increase
efficiency, reduce risks, and calm your compliance nerves.
This webinar will focus on the unique operational
and compliance challenges posed by credit reporting disputes. Join credit reporting veteran David Reed as
he cuts through the regulatory web and shares a clean and manageable credit
reporting process for your institution.
WHO SHOULD ATTEND?
This informative session
is designed for senior executives, managers, compliance staff, lending staff,
collections managers, frontline managers, internal auditors, and anyone
involved with credit reporting.
TAKE-AWAY TOOLKIT
- Sample credit report dispute resolution procedures
- Sample credit report dispute response letters
- FCRA examination guidance
- Sample FCRA policy
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
- Attendance certificate provided to self-report CE credits
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.
TESTIMONIALS
"The speaker was very insightful and willing to answer all questions in an educational manner."
- Robert, Jefferson Financial Federal Credit Union
"The knowledge that he brings to the table. The fact that he always points out the important things and the key takeaways and always makes himself available."
- Mandy, Jackson River Community Credit Union
- Mandy, Jackson River Community Credit Union
"I always enjoy David Reed. He is easy to listen to and understand. This is a very important topic and we need to stay on top of all information available."
- Cindy, Transcend Credit Union
Presented By
Reed & Jolly, PLLC
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