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FCRA/FACTA: A Banker's Responsibility

What are your institution's responsibilities for compliance with the Fair Credit Reporting Act (FCRA)? The answer is more complex than you might expect. In this webinar, we'll discuss the nuances of compliance and some of the most common violations.

OnDemand
Recorded Thursday,
June 20th, 2024
Presented by Kimberly Boatwright
1h 30m total length
2 CRCM Credits
$299.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Auditing
  • Compliance
  • Fraud
  • General Compliance
  • Lending
  • Lending Compliance
  • Reporting
  • Risk Management/Legal
  • Compliance Officer
  • Internal Auditor
  • Loan Closer
  • Loan Operations Manager/Specialist
  • Risk Manager
  • Training Manager
  • Trainer

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The FCRA has been around since the 1970s, then it was revised in 2003 under the Fair and Accurate Credit Transaction Act (FACTA). The revisions, which unfolded over an eight-year period, resulted in substantial changes for all financial institutions. It's still a bit of a jumble.

In order to understand the various provisions of the law today, research must include both the FCRA and FACTA and the Consumer Financial Protection Bureau's (CFPB) Regulation V and the Federal Reserve Board's (FRB) Regulation V. This program provides a review of each of these regulations as well as the EGRRCPA amendments. Although many of the provisions are new, program participants frequently comment that they never heard of some of the sections discussed. Ignorance of the law is not an acceptable excuse for violations! If any member of your staff is not familiar with the provisions listed below, they need this program.

What You'll Learn

This program provides a review of the numerous subparts and appendices included in:

  • CFPB’s Regulation V
  • FRB’s Regulation V
  • FCRA
  • FACTA
  • EGRRCPA amendments

Who Should Attend

The program is designed for compliance officers, operations personnel, loan officers, loan originators, auditors and others involved in originating and servicing loans.

Kimberly Boatwright

Instructor Bio

Kimberly Boatwright is EVP and Director of Risk and Compliance at Compliance Resource, LLC, and has more than two decades of experience working in the financial services industry. Ms. Boatwright is a well-regarded financial industry risk and compliance professional with a strong background in program development and implementation. She is a thought leader who specializes in Fair Lending, Anti-Money Laundering, OFAC, and consumer compliance. During her career, she has worked for and consulted with all types of financial institutions helping to establish and evolve compliance and risk programs. She is a frequent public speaker, trainer, and author on compliance and risk management topics. Kimberly is a Certified Regulatory Compliance Manager and a Certified Anti-Money Laundering Specialist.

Continuing Education Credit Information

FCRA/FACTA: A Banker's Responsibility has been approved for 2 CRCM credits. This statement is not an endorsement of this program or its sponsor. Credits are redeemable for both Live and OnDemand viewing. For questions on certificates, please email support@oncourselearning.com. Certification holders must report these credits at https://aba.csod.com.

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