FCRA: Prescreened Offers of Creditÿ
Course Number: ABA
Course Code: ABA
Explains the prescreening process and steps, such as establishing criteria the consumers must meet, obtaining a list of consumers, making a firm offer, and post-screening. Explores the components of the opt-out short and long notices.
Duration: Approximately 15 minutes
Created: November 2018
What You’ll Learn
After successfully completing this course, you will be able to:
-Explain the purpose of prescreening
-Describe the steps banks must take when using prescreened lists
-Identify the content and form of opt-out notices
Audience: Personnel involved in marketing based on information compiled by consumer reporting agencies.