Recognizing consumer protection is a hot topic, this course provides the key conceptual and practical information necessary to successfully apply the FCRA and Fair and Accurate Credit Transactions Act (FACTA). It covers key terms, processes, notices, disclosures, regulatory issues and risk mitigation strategies.
What You’ll Learn
Describe the specific limitations on obtaining and using medical information in credit decisions
Explain the restrictions on sharing data obtained in consumer financial reports, and the consumer’s rights of notification and choice in this matter
Cite the consumer notices and disclosures that are required when credit decisions are made using data from a consumer financial report
Develop and implement an appropriate response process for your institution when information in a consumer report is disputed
Explain the rights and responsibilities of consumers, furnishers and CRAs when fraud alerts are placed on a consumer report
After completing this course, students will be able to: