Both the Equal Credit
Opportunity Act (ECOA) and the
Fair Credit Reporting Act (FCRA)
require your credit union to
notify applicants when adverse
action is taken.
Notices have to be provided in a timely manner and must contain specific pieces of information. This session will address the adverse action notice requirements under ECOA and FCRA.
Notices have to be provided in a timely manner and must contain specific pieces of information. This session will address the adverse action notice requirements under ECOA and FCRA.
Topics Will Include:
- Explanation of what is and is not adverse action
- Adverse Action Notice timing and information requirements
- Guidelines for providing notices to multiple parties
- Common errors in completing adverse action notices
Who Should Attend?
Compliance officers and lending staff will benefit
from attending this webinar.
Instructor
Kristen Tatlock is a nationally-known speaker and compliance consultant with over 30 years of experience in the credit union compliance arena. Kristen assists credit unions with issues ranging from advertising rules to bylaws, from Social Media compliance matters to Regulation Z, and just about every regulation and compliance concern in between.
Kristen has earned Compliance and Bank Secrecy Act certifications from the two national credit union trade associations. She regularly presents compliance training programs for CUNA, NAFCU, and many state Leagues around the country. She has also edited and revised numerous compliance training courses and modules for CUNA CPD and has authored several articles for various CUNA publications.