A Lorman Webinar
Understand your potential legal risk and compliance obligations with respect to consumer credit reporting. This discussion will help departments responsible for furnishing data to Consumer Reporting Agencies (CRAs) understand the Metro 2® format in more detail and how to avoid potential issues during the furnishing process. Primary topics to review will include:
Many financial institutions that furnish consumer credit information on a periodic basis to CRAs experience challenges reporting in the industry standard Metro 2® format. There are many common pitfalls and mistakes that can occur when furnishing data, with bankruptcy specifically being a complex topic. The consequences for companies that report without accuracy and integrity under the Fair Credit Reporting Act (FCRA) can be severe. Changing industry guidance and requirements also requires organizations to reevaluate furnishing practices to remain compliant with industry standards and best practices.
Navigant has extensive experience assisting organizations of varying sizes across multiple industries and product types. As the furnishing functionality of institutions continues to mature following regulatory focus and scrutiny, the challenges that companies face will become increasingly more specific as broader systemic issues are identified and remediated. This has shown to be the case with bankruptcy furnishing and other more nuanced reporting scenarios.
REGISTRATION FEE: Registration is 50% off courtesy of Navigant
DISCOUNT CODE: A1038654
PRIORITY CODE: 15999