Fair Credit Reporting Act (FCRA)
Course Number: FCRA1
Course Code: RG0179
Explores considerations relating to use of medical information when making credit or employment decisions and adverse action requirements. Promotes discussions surrounding reporting and disclosure requirements including how to handle direct disputes, and explains circumstances surrounding risk-based pricing notices. Discusses the Dodd-Frank Act requirements pertaining to adverse action when a credit score is used.
After completing this course, students will be able to:
-Discuss the primary permissible purposes that affect financial institutions
-Describe consumer reporting requirements and overview of key notice requirements
-Discuss affiliate disclosure requirements
-Explain when and under what circumstances a risk-based pricing notice must be provided to consumers, and requirements to provide credit score information
-Discuss the DFA requirements pertaining to adverse action when a credit score is used????
Audience: Personnel involved in using or reporting credit information