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Compliance Credit report concerns addressed by CUNA
WASHINGTON (9/24/10)--Dozens of questions pour into the Credit Union National Association’s (CUNA’s) inboxes each month seeking guidance on the Fair Credit Reporting Act (FCRA). They range from “do I need a member’s signature to pull a credit report,” to more complex questions regarding the new risk-based pricing regulations. Most recently, new questions are arising about what changes are coming in 2011 as a result of the Dodd-Frank financial reform law. These and many other questions will be addressed in a series of four CUNA webinars to be held this fall:
* Sept. 27: Consumer Reports & Basics Every Credit Union Needs to Know * Oct. 4: Furnishing Information to a Credit Reporting Agency * Oct. 25: Rules Addressing Fraud & Identity Theft * Nov. 1: Risk Based Pricing Notices
The first program scheduled for next Monday, Sept. 27 will cover what every credit union needs to know about:
* What constitutes a permissible purpose for pulling a credit report? * What can you do with the information once you get it? * When should you provide an adverse action notice? * What are the rules for pulling credit reports on employees?
Monday’s webinar will provide valuable information for any credit union's compliance, lending and operations staff. Use the resource link for more information or to register for any or all of these sessions. CUNA FCRA Webinars


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