Latest Developments in Consumer Credit Reports

Given the potential for highly-technical claims and related statutory, actual, and punitive damages, an understanding of emerging trends in consumer credit compliance is essential to avoiding exposure. These trends implicate the full spectrum of consumer credit entities, including furnishers, public record vendors, consumer reporting agencies, and users of consumer reports.

This topic will explain emerging issues in consumer credit litigation and the claims that are being asserted. It will also provide advice on how to avoid such issues, as well as how to handle litigation when it arises. You will come away with actionable best practices on how to minimize risk and exposure on issues that you may well not know exist.

Learning Objectives:

• You will be able to explain the current developing issues and trends in the consumer reporting industry.
• You will be able to identify compliance strategies to avoid consumer credit report litigation and how best to manage such issues when in litigation.
• You will be able to recognize potential compliance issues and how to implement processes to avoid litigation.
• You will be able to implement compliance strategies and best practices to avoid the issues discussed.

This Live Webinar Covers These Hot Issues:

The FCRA and Consumer Reporting Agencies, a General Overview

Developing Compliance Issue #1

• Application of the FCRA to Wholesalers/Public Records Vendors

Developing Compliance Issue #2

• Application of the FCRA "Employment Purpose" Provisions to Independent Contractors

Developing Compliance Issue #3

• The Status of the Law as to Adverse Action Notices and Background Screening Companies

Developing Compliance Issue #4

• Issues Regarding Reporting of "Duplicate" Public Records or Tradelines

Developing Compliance Issue #5

• File Disclosure Issues With Respect to "Sources" of Data Under Sections 1681g(a)

Developing Compliance Issue #6

• Article III Standing and Spokeo

Developing Compliance Issue #6

• Successful Strategies for Defeating Class Certification

Credit Information (Sponsored by Lorman Education Services)

• CLE
• CPE
• NASBA

For Detailed Credit Information page click here

Only registered attendee will receive continuing education credit.

Faculty

Timothy St. George, Troutman Sanders LLP

• Partner in the Richmond office of Troutman Sanders LLP specializing in financial services litigation
• Practice includes the representation of clients in federal and state court, both at the trial and appellate level
• Focuses practice on the areas of complex litigation and business disputes, financial services litigation, and consumer litigation, and has represented clients within these areas in a wide variety of litigation matters involving contracts, class actions, mass actions, torts, and federal and state consumer protection laws
• Developed a particular expertise litigating individual and class action cases under the federal Fair Credit Reporting Act (FCRA)
• Frequent speaker and author on credit reporting issues
• J.D. degree and B.A. degree, with honors, University of Virginia
• Can be contacted at 804-697-1254 or tim.stgeorge@troutmansanders.com