MADISON, Wis. (8/25/10)--The Credit Union National Association's (CUNA) Fair and Accurate Credit Transactions Act (FACTA) eSchool has set four sessions between Sept. 27 and Nov. 1. The eSchool, which is for credit unions' compliance, lending and operations staff, will provide information on the new provisions in FACTA, which is an amendment to the Fair Credit Reporting Act (FCRA). The FCRA aims to promote accuracy and ensure privacy of information used in consumer reports. The act and its regulations apply to consumer reporting agencies and anyone who furnishes or uses the consumer information provided to the agencies. Conducting the school will be Mary-Lou Heighes, a CUNA-certified Credit Union Compliance Expert and president of Compliance Plus Inc., which provides strategic planning, training, compliance and consulting services to credit unions, and Valerie Moss, CUNA director of compliance information for regulatory affairs. All sessions are from 2 p.m. to 4 p.m., CT. The sessions will address these topics:
* Sept. 27: Fair Credit Reporting, Consumer Reports and Basics Every Credit Union Should Know; * Oct. 2: Furnishing Information to a Credit Reporting Agency; * Oct. 25: Rules Addressing Fraud and Identity Theft; and * Nov. 1: Risk-Based Pricing Notices.
For more details and pricing, use the link.