FCRA: Prescreened Offers of Credit

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.

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.

Prerequisites: None