Description
This course explains the conditions for obtaining and using consumer reports for marketing credit and insurance products under the FCRA “prescreening” provisions, including requirements about establishing criteria, making a firm offer and post-screening. It also describes the content and form of the notices that allow consumers to opt out of receiving prescreened offers.
What You’ll Learn
After successfully completing this course, you will be able to:
- Explain the prescreening process
- Identify the conditions of using consumer reports to offer credit or insurance when the consumer does not initiate a transaction
- Describe the opt-out notice content and form
