Overview :
Most financial institutions have programs in place for FCRA/FACTA. Although they are in place, they need to be appropriate and comprehensive to be the most effective when properly dealing with credit scores and adverse action notices. This is an active area of litigation and regulatory scrutiny.
This Webinar will help attendees better understand the compliance obligations with respect to FCRA/FACTA. Best practice guidelines relating to these will be addressed as well as consequences for failing to addressing them accordingly.
Why Should You Attend :
By understanding the obligations as it pertains to the FCRA/FACTA, the opportunity to be noncompliant with their requirements will be mitigated more effectively and certain associated problems can be addressed and resolved more efficiently and effectively.
Areas Covered in this Webinar :
You will understand FCRA/FACTA (Fair and Accurate Credit Transactions Act) compliance obligations
You will be able to recognize potential areas of risk in connection for improper handling of adverse action notices
You will be able to discuss how credit scores are to be used
You will be able to explain:
Adverse Action Notice Requirements
FCRA/FACTA Basic Requirements
Use of Credit Scores
Policies and Procedures
Training
Consequences for non-compliance
Learning Objectives :
Accurate and appropriate credit reporting and adverse action notice oversight for the protection of consumers
Understand the oversight requirements for FCRA/FATCA
Mitigate the potential for non-compliance and avoid potential enforcement actions and violations
Who Will Benefit :
Compliance professionals
Financial Professionals
Bank examiners
Bank regulators
Auditors and lenders
For more information, please visit : https://www.complianceglobal.us/product/700577/GinaLowdermilk/understanding-&-using-credit-scores-adverse-action-notices-&-fcra-fatca-compliance/1
Email: support@complianceglobal.us
Toll Free: +1-844-746-4244
Tel: +1-516-900-5515
Level:
Intermediate
Speaker Profile :
Gina Lowdermilk is a highly experienced and educated BSA/AML and Financial Regulatory Compliance professional with extensive policy and procedure development and implementation, training, internal audit, monitoring, risk management, and reporting experience. Her emphasis has been working with financial institutions that are experiencing regulatory concerns and resolutions, including enforcement actions such as memorandums of understanding and cease and desist orders.
Her 15 years of experience has given her the opportunity to work from small community banks to large, international financial institutions. Her roles not only included BSA/AML and Compliance, but also operations, lending services, business development, marketing, management, department development, and asset quality. Ms. Lowdermilk has worked with all of the financial regulators and examiners. She possesses advanced Microsoft Excel, PowerPoint, Word, Internet Explorer, Visio, and Access skills.
She also has experience with FiServ, BAM, CRA Wiz, TeamMate, COGNOS, and Metavante banking software. Gina has been responsible for creating both recurring and ad hoc executive management and board presentations. In addition to her above experience, she is also an adjunct instructor for the business and construction management programs at a local college, as well as writes numerous BSA/AML and Compliance articles, training materials, and manuals as requested from numerous clients.
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