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OnDemand Course

Fair Credit Reporting Act

Understand Metro2®, eOscar, and your compliance requirements for consumer credit reports within the CFPB.

Like many consumer protection statutes, the Fair Credit Reporting Act presents unique compliance challenges for creditors and other data furnishers of consumer credit information. From responding to disputes made through the various credit bureaus to direct consumer disputes, your company must have the right policies and procedures in place to comply with the law and recent CFPB mandates. This topic will provide a step-by-step discussion on how to respond to various types of consumer credit report disputes and show you how to establish best practices and policies that will keep your company in compliance.

Learning Objectives

  • You will be able to recognize definitions, key terms, requirements and potential liabilities regarding the FCRA.
  • You will be able to recognize how to respond to credit reporting disputes.
  • You will be able to recognize how to establish a comprehensive AUD policy.
  • You will be able to recognize the relationship between the CFPB and the FCRA.

68 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Overview of the FCRA

  • Definitions and Key Terms
  • Requirements of the FCRA
  • Potential Liability

Responding to Credit Reporting Disputes

  • Types of Disputes
  • Responding to Disputes Through eOscar and Metro2®
  • Responding to Direct Disputes

The CFPB and the FCRA

  • The Role of the CFPB
  • Recent CFPB Interpretations
  • Compliance With CFPB Mandates
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

Applications have not yet been submitted for Delaware, Idaho, Kentucky, Maine, New Hampshire, Ohio, Oklahoma, South Carolina, and Wyoming CLE for this course. However, if you are interested in obtaining CLE for any of the listed states or have any additional credit questions please email us at [email protected] or call us at 866-352-9540.

This course was last reviewed on September 13, 2023.

Call 1-866-352-9540 for further credit information.

  • AR CLE 1.0
     
  • This course has been approved for 1.0 hours of CLE by the Arkansas CLE Board.
     
  • CA MCLE 1.0
     
  • Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.0 CLE hours of participatory credit.
     
  • CPE/NASBA - QAS Self Study 1.8 including Business Law 1.8
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a QAS Self Study sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Business Law for 1.8 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: QAS Self Study. Please refer to the information in this advertisement for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
     

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Matthew D. Urban

Matthew D. Urban

Weltman, Weinberg & Reis Co., L.P.A.

  • Managing attorney of the Pittsburgh office of Weltman, Weinberg & Reis Co., L.P.A.
  • Oversees all facets of credit union collection, litigation, and compliance work across Pennsylvania
  • Practices in consumer collections, focusing on general consumer collection and litigation matters
  • Licensed in Pennsylvania and is admitted to practice before the U.S. District Court (Western and Middle District of Pennsylvania)
  • Serves on the board of directors for the Pennsylvania Creditors’ Bar Association
  • J.D. degree, Duquesne University School of Law; B.A. degree in history, magna cum laude, West Virginia University
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • OnDemand Courses
  • Live Webinars
  • MP3 Downloads
  • Course Manuals
  • Executive Reports
  • White Papers and Articles

Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 409587
Published 2021
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Available in Multiple Formats

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