Fair Credit Reporting: How To Adhere To Regulation V And Avoid CFPB Scrutiny

Regulatory compliance counsel Michael Christians will share the intricate details of Regulation V. You will learn how to apply them to practices throughout your financial institution.

What You'll Learn

  • What affiliate marketing rules must you follow?
  • How should you handle direct disputes?
  • What are Regulation V’s disclosure requirements?
  • How must you make firm offers of credit?
  • What policies should you implement to address fraud?
  • How should your institution handle active-duty alerts?
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Training Overview

Does the CFPB agree that you comply with Regulation V? Learn how to follow the Fair Credit Reporting Act carefully.

On August 17, the CFPB issued a press release announcing a settlement to resolve a lawsuit against Fair Collections and Outsourcing (FCO). The case covered alleged violations of the Fair Credit Reporting Act, Regulation V. This is just one example of increasing government scrutiny and the CFPB’s interest in protecting consumers.

You need to ensure that you are adhering fully to Regulation V, which imposes various requirements on financial institutions. This regulation touches the entire lending process from rules governing affiliate marketing to duties imposed upon users of consumer credit reports.

  • What affiliate marketing rules must you follow?
  • How should you handle direct disputes?
  • What are Regulation V’s disclosure requirements?
  • How must you make firm offers of credit?
  • What policies should you implement to address fraud?
  • How should your institution handle active-duty alerts?
Recommended Audience
Who Should Attend?
  • Consumer loan officers
  • Real estate lenders
  • Loan operations staff
  • Compliance professionals
  • Internal audit personnel
  • Chief credit officers
  • Credit analysts
  • Loan administrators
  • Loan documentation specialists
  • Credit risk officers
  • Loan review staff
  • Underwriters
  • Risk managers
What's included
Training includes
  • Certificate of Attendance
  • All resources and training materials
About

Expert Presenter

Michael R. Christians
  • Principal of Michael Christians Consulting, LLC
  • Assists financial institutions and organizations across the country with ensuring their compliance programs conform to federal laws and regulations
  • Provides counsel relative to current rules, assists with the strategic implementation of upcoming regulatory changes, and offers customized education and training services
  • More than two decades of experience in the financial services industry
  • JD from Drake University Law School
  • Member of the Iowa State Bar