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Metro 2®, e-OSCAR and the New FCRA/CFPB Compliance Requirements

Understand common furnishing challenges and issues in the accuracy and integrity of credit reporting.

This course helps data furnishers understand and potentially resolve complex credit reporting scenarios and situations through discussion of recent industry trends and risks, as well as live use cases of complex scenarios. Frequent updates to regulatory requirements and the necessary format for providing account- and consumer-level information to the credit reporting agencies require a constant review of the changes by data furnishers. Specifically, this material will offer an overview of the enhancements driven by COVID-19. This course will detail recent enforcement action and litigation that companies may want to address proactively in reporting approach, policy, or procedure. You will also receive examples of common issues affecting furnishers today, their impact on furnishing or servicing, and ways to avoid them.

59 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 35 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

Speakers and FCRA Experience

  • Brief Introduction to Each of the Speakers and Details on Their Previous Experiences and Areas of Expertise

Credit Reporting Furnishing Overview

  • High-Level Overview of the Credit Reporting Process, Including Furnishing and Disputes

Annual Credit Reporting Resource Guide (CRRG) Updates

  • Review the Most Recent Updates to the CRRG and How They Affect the Responsibilities of Furnishers, Including the New Guidance Related to COVID-19

Common Furnishing Issues and Challenges

  • Walk Through Reporting Concerns, Their Impact on Furnishing and/or Servicing, and Remediation Options

Action Steps and Best Practices for Enhanced Compliance With FCRA and Industry Standards

  • Recommendations for Analyzing Current Processes and Procedures, Implementing Any Corrective Actions Required, and Establishing Oversight Framework

Questions and Answers

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Why Lorman?

Over 35 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, 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 revised on May 10, 2022.

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.
     
  • Arizona CLE 1.0
     
  • The Arizona State Bar does not pre-approve or pre-certify MCLE programs. However, records of this program and attendance will be maintained by Lorman Education Services for auditing purposes. This activity may qualify for up to 1.0 hours toward your annual CLE requirement for the State Bar of Arizona.
     
  • 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.
     
  • CT CLE 1.0
     
  • Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.0 CLE credit(s).
     
  • GA CLE 1.0
     
  • This program has been approved by the Georgia Commission on Continuing Lawyer Competency for 1.0 CLE hours.
     
  • HI CLE 1.0
     
  • This program was approved by the Hawaii State Board of Continuing Legal Education for 1.0 CLE credit hours.
     
  • MO CLE 1.2
     
  • This course qualifies for self-study CLE credit in Missouri.
     
  • MS CLE 1.0
     
  • This program has been approved by the Mississippi Commission on Continuing Legal Education for a maximum of 1.0 credit hours.
     
  • NC CLE 1.0
     
  • This program has been approved by the North Carolina State Bar Board of Continuing Legal Education for 1.0 CLE hours.
     
  • NH MCLE 1.0
     
  • NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this Ondemand course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 59 Minutes.
     
  • NJ CLE 1.2
     
  • This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 1.2 hours of total CLE credit.
     
  • NV CLE 1.0
     
  • This program has been approved by the Nevada Board of Continuing Legal Education for 1.0 CLE hours.
     
  • OH CLE 1.0
     
  • This course has been approved by the Ohio Supreme Court Commission on Continuing Legal Education for 1.0 CLE credit hours. Please note: No more than twelve (12) hours of self-study CLE credit for any biennial reporting period may be earned by an Attorney or Judge under Regulation 409.2. To fulfill CLE requirements for self-study, web-based programs, you must complete 100% of the polling questions during the program. Your hours will be filed electronically within thirty (30) business days by Lorman Education Services provided you fulfilled 100% attendance and polling questions answered.
     
  • PA CLE 1.0
     
  • This Distance Learning program has been approved by the Pennsylvania Continuing Legal Education Board for 1.0 hours of substantive law, practice and procedure CLE credit.
     
  • RI CLE 1.0
     
  • This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 1.0 hours of CLE credit.
     
  • TN CLE 1.0
     
  • This program has been approved as a distance learning format by the Tennessee Commission on Continuing Legal Education for a maximum of 1.0 hours of credit.
     
  • VA CLE 1.0
     
  • This program has been approved by the Virginia Mandatory Continuing Legal Education Board for 1.0 CLE credit hours.
     
  • VT CLE 1.0
     
  • This self-study program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.0 hour(s) of CLE credit. Please note: Attorneys may only claim 12 credits per compliance period in this format. This course is considered "Non-Moderated Programming without Interactivity".
     
  • WI CLE 1.0
     
  • This program qualifies for 1.0 hour(s) of ondemand CLE through the WI Board of Bar Examiners.
     
  • WV MCLE 1.2
     
  • This program has been approved by the West Virginia State Bar MCLE Commission for 1.2 MCLE hours.
     

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.

Virginia MCLE requirements do not allow approval for programs that do not include an audio or audiovisual component.

This program was previously offered as a live webinar. Virginia MCLE requirements do not allow approval for attendance at duplicate programs.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

  • Arizona CLE 1.0
     
  • CA MCLE 1.0
     
  • HI CLE 1.0
     
  • MO CLE 1.2
     
  • NJ CLE 1.2
     
  • VT CLE 1.0
     
  • WV MCLE 1.2
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 35 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

Alexandra Popkin

Alexandra Popkin

Guidehouse Inc.

  • Senior Consultant in the banking, insurance, and capital markets practice at Guidehouse
  • Extensive experience working with large financial institutions, banks, and mortgage servicers; has worked on multiple engagements assisting clients with FCRA compliance, which has included performing end-to-end assessments, policy and procedure reviews, and loan-level testing
  • Her compliance work has included analyzing mortgage loan files to identify servicer noncompliance, designing and executing pre- and post-transmission QC processes and procedures, and using data analytics to perform reviews of large datasets; has used these skills to create, manage, and evaluate key data to ensure accuracy, efficiency, and effectiveness of models, improving business processes to save clients time and money
Alexandra Sawyer

Alexandra Sawyer

Guidehouse Inc.

  • Director in the banking, insurance, and capital markets practice at Guidehouse
  • With more than 16 years of experience, she has a proven track record in leading a variety of engagements, including assessing clients’ current state compliance organizations; developing management regulatory compliance process, controls, and procedures; data quality analysis; and system implementation
  • Experience includes assisting clients with the management of compliance and risk-related issues and has allowed her to successfully develop expertise in project and change management; most recently, her experiences have allowed her to lead a number of regulatory change management and FCRA compliance engagements with a focus on mortgages, student loans, HELOC, installment, auto, and captive auto lending
  • Recognized as a credit reporting industry expert speaking at engagements such as Women in Housing and Finance brown bag session on FCRA, as well as a presenter for Lorman Education Services session on Metro 2® Regulatory Considerations and FCRA Compliance
Beji Varghese

Beji Varghese

Guidehouse Inc.

  • Partner in the banking, insurance, and capital markets practice at Guidehouse
  • Specializes in the areas of governance, risk, and compliance and has advised multiple companies in the design and implementation of effective financial reporting internal controls
  • Led multiple FCRA projects, including policy and procedure reviews, assessment of the accuracy of the Metro 2® files submitted to CRAs, and operational assessments of the Metro 2 file creation and e-Oscar dispute processes; he has also led teams responsible for the development of business requirements and technical system requirements designed to be compliant with CDIA guidance around Metro 2 reporting
  • Led credit reporting reviews, risk and compliance reviews, distressed workouts, consent order reviews, and lending best practice reviews for top 20 U.S. consumer finance companies
Savannah Xiao

Savannah Xiao

Guidehouse Inc.

  • Associate Director in the banking, insurance, and capital markets practice at Guidehouse
  • Experience in risk management, data analytics, regulatory compliance, and process automation; has an excellent track record in solution design, product management, and system/data migration
  • Expertise is in integrating risk management, operational efficiency, and data analysis; these skills, complimented by her team management experience and diversified knowledge on key process areas of mortgage, home equity, auto loan, student loan, and credit card business, have enabled her to become a trusted advisor and engagement leader to senior leadership on business-critical analytic initiatives
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Why Lorman?

Over 35 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.

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  • State Specific Credit Tracker
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Product ID: 409734
Published 2022
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