When was the last time you really considered the importance of a credit report?  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 credit union’s fault?  There has been an alarming increase in consumer-related litigation against credit unions involving credit reporting.

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 you have some real liabilities to address.  The worst thing you can do is nothing!  Is your credit union in compliance?

HIGHLIGHTS

WHO SHOULD ATTEND?

This informative session will be beneficial for lending staff and executives, risk managers, collection staff, compliance personnel, IT employees, and internal auditors.