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Wednesday, August 28, 2019

Effective Management of Credit Report Disputes: Completing ACDVs, AUDs & Correcting Joint Credit

Start Date: 8/28/2019 1:00 PM MDT
End Date: 8/28/2019 2:30 PM MDT


Organization Name: Independent Bankers of Colorado

Contact:
Tara F. Hunter
Email: thunter@ibcbanks.org
Phone: 303-832-2000

Effective Management of Credit Report Disputes: Completing ACDVs, AUDs & Correcting Joint Credit
1:00 pm – 2:30 pm MT


There could be danger hiding among your credit reports!  The credit reporting function has taken on added significance in recent years with increased borrower awareness of the power of the credit score, the rise of CFPB regulations and complaint tracking, and highly motivated consumer protection attorneys.  Credit reporting continues to be one of the most-cited consumer concerns and has therefore received added attention from the CFPB, examiners, and the legal community.  From policies and procedures, to quality assurance and organizational charts, this essential function impacts every financial institution and there are some basic steps that can increase efficiency, reduce risks, and calm your compliance nerves.  
 
Fortunately, the regulations, examination guidance, and hard-earned experience create a detailed model of a fully compliant credit reporting function – if you know where to look.  This webinar will focus on the unique operational and compliance challenges posed by credit reporting disputes.  From automated disputes to direct disputes and all the gray areas in between, this session will provide a common-sense approach to FCRA dispute compliance and management.  This session will cut through the regulatory web and provide a clean, manageable credit reporting process for your institution. 
 
HIGHLIGHTS

  • Increasing credit reporting compliance risks
  • Break down of the credit reporting process
  • Optimal alignment for the credit reporting task
  • Critical steps to respond to credit report disputes
  • Creating a plan for effective dispute management
  • Identify and avoid common compliance landmines
  • TAKE-AWAY TOOLKIT
    • Sample response letters
    • FCRA examination guidance
    • Sample FCRA policy
    • Sample credit report dispute resolution procedures
    • Employee training log
    • NEW – Interactive quiz

WHO SHOULD ATTEND?
This informative session is designed for senior executives, managers, compliance staff, lending staff, collection managers, frontline managers, internal auditors, and anyone involved with credit reporting.

Continuing Education: Attendance verification for CE credits upon request.
 
NOTE:  All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.
 

  MEET THE PRESENTERS
David A. Reed, JD
Reed & Jolly, PLLC
Attorney, author, consultant, and nationally-recognized speaker, David Reed is a partner in the law firm of Reed & 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.