Fair Credit Reporting Act 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.
| Price |
$130 Nonmembers / $95 Members |
| Course Credits |
AIB: 0.25 ; ICB: 5.0 (CRCM, CLBB) |
| Prerequisites |
None |
| Required Software |
None |
| Optional Software |
Adobe Acrobat Reader and RealPlayer |
Audience
Personnel involved in using or reporting credit information.
Learning Objectives
After completing this course, students 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.
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