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Fair Credit Reporting Act (FCRA) Basics

 

Gain a clear understanding of how the Fair Credit Reporting Act protects consumer privacy, regulates credit reporting practices, and provides remedies for individuals whose rights have been violated.

Before the enactment of laws and regulations, credit reporting was a subjective process that often invaded consumer privacy and made it difficult to correct errors. Information about consumers' personal and financial behavior was stored in secret databases, accessible only to creditors and certain public agencies. This presentation explains the implementation of the FCRA and the crucial role it has played for decades in protecting consumer privacy and regulating the conduct of credit reporting agencies and creditors. It highlights consumers' rights to privacy and to dispute inaccuracies on their credit reports. Additionally, the session outlines the repercussions of misconduct by these entities and the remedies available to consumers whose rights have been violated.

Agenda

Faculty

Tim Sanders

Tim Sanders

Credit Repair of Florida

Timothy Sanders

  • Founder and president of Credit Repair of Florida
  • NACSO Certified Credit Specialist
  • Published author of Understanding Your Credit Score
  • Seminar speaker and Freddie Mac CreditSmart certified trainer
  • Member of the National Association of Credit Service Organizations, National Association of Realtors, Mortgage Bankers Association, National Association of Real Estate Brokers, and UF/IFAS Extension Advisory Committee
  • B.A. Degree, University of Central Florida
  • Can be contacted at [email protected] or 407-734-3426

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