Fair Credit Reporting Act (FCRA) - What you need to know
Instructor: Live: One Dial-in One Attendee
Corporate Live: Any number of participants
Recorded: Access recorded version, only for one participant unlimited viewing for 6 months ( Access information will be emailed 24 hours after the completion of live webinar)
Corporate Recorded: Access recorded version, Any number of participants unlimited viewing for 6 months ( Access information will be emailed 24 hours after the completion of live webinar)
The webinar will address FCRA requirements for information retention and reporting as well as the impact of the CFPB Continuous Supervision program and the Internal Review Process.
Why should you Attend:
The Fair Credit Reporting Act is a federal law regulating the collection, dissemination, and use of consumer information, including consumer credit information.in the United States.
This webinar addresses the roles and responsibilities of the FCRA and its impact on the recording requirements of Consumer Reporting Agencies (CRAs) including :
- Retention of negative information
- Liabilities for consumer notification
- Provision of consumer credit reports
In addition to the well-known "big three" of Experian, Equifax and TransUnion, other organizations retaining records on consumers’
- Medical records and payments
- Insurance claims
- Residential and tenant history
- Check writing history
- Employment history
May also be classed as a Nationwide Speciality Consumer Reporting Agency and fall within the remit of the FCRA.
Areas Covered in the Session:
- Retention of negative information
- Liabilities for consumer notification
- Provision of consumer credit reports
- Consumer Rights
- Responsibilities of Furnishers and
- Responsibilities of Users
- Rules changes to bring FCRA in line with the Dodd-Frank Wall Street Reform and Consumer Protection Act
Who Will Benefit:
- Audit Committees
- Board of Directors
- Chief Executive Officers
- Chief Financial Officers
- Corporate/ Managing Directors
- Internal and External Auditors
Richard was Chairman of the Audit Committee of Gauteng cluster 2 (Premier's office, Shared Services and Health) in Johannesburg and was also the Chairman of the Audit and Risk Committee of the Department of Public Enterprises in South Africa