Much time and effort has been spent on the treatment of a borrower based on their credit score. But when was the last time you really considered the importance of a credit report’s creation? How about the risks? Access to reasonably-priced credit is an essential element in every member’s economic life and no factor is more important than their credit score. But what happens if there is a mistake in the score and it’s your fault?
The Fair Credit Reporting Act and FACT Act apply to every credit union that reports member information to a credit reporting agency and the fines for improper reporting can be substantial! Throw privacy and bankruptcy into the mix and there are real liabilities to address. Are you fully compliant with the requirements of the Metro 2 reporting format? Are you utilizing e-Oscar to its fullest? Join this session to learn more about this often-invisible operational area.
- Conducting a credit reporting inventory
- Understanding the requirements of Metro 2
- Harnessing the power of your IT function
- Excelling with e-OscarCredit reporting best practices
- TAKE-AWAY TOOLKIT
- Sample credit reporting policy
- Credit reporting inventory checklist
Who Should Attend?
This informative session is designed for executives, senior managers, department managers, project managers, and anyone involved in the credit reporting function. Attendance verification for CE credits provided upon request.
About the Presenter: David A. Reed, JD, Reed and Jolly, PLLC
Attorney, author, consultant, and nationally-recognized speaker, David Reed is a partner in the law firm of Reed and Jolly, PLLC. He provides guidance to financial institutions on establishment and revision of policies and procedures, organizational compliance, collections, security, contractual agreements, regulatory matters, and corporate governance. His engaging speaking style has made him a nationwide lecturer on regulatory compliance, consumer lending, bankruptcy, and collections.
A former trial attorney and vice president and general counsel of a large credit union, David is particularly known as an expert in the areas of operations, bankruptcy, and collections. He has trained state and federal examination staff on numerous issues, including BSA, ID theft red flags, SAFE Act, third-party contract management, and bankruptcy. He also serves as editor of several industry manuals.
|Over $75 million
|$7 - 75 million
|Under $7 million
Cancellation Policy: Sorry, no cancellations are allowed after connecting instructions and handout materials are distributed to registrants. Substitutions are welcomed and encouraged.
Please note: The live webinar option allows you to have one telephone connection for the audio portion and one Internet connection (from a single computer terminal) to view online visuals as the presentation is delivered. You may have as many people as you like listen from your office speaker phone.