Program Description:
This AIB course covers compliance requirements under
the Fair Credit Reporting Act (FCRA.) Students will learn
about the purpose of the FCRA and review the types of
transactions and exemptions covered under it. The course
also teaches students the requirements, responsibilities
and rights outlined under the Act, including special
guidelines for the sharing of consumer information
between affiliates, as well as the actions students must
take to help ensure compliance with the FCRA.
After successfully completing this course, the student will be able to:
- Explain the purpose of the Fair Credit Reporting Act and what it covers
- Describe the requirements, responsibilities, and rights outlined under the Act
- Describe requirements of financial institutions as users of consumer reports and as providers of information
- Describe the consequences for noncompliance
Who Should Attend:
Any bank personnel involved in processing requests
for consumer credit.
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