BankNewswatch

FCRA Compliance: E-Oscar* and Metro2**

Thursday, April 25th, 2024 10:00 am - 11:30 am CT

A BankWebinars.com Program

Click Here to register for program $299.00

Click Here to register for program and receive recording $449.00


The Fair Credit Reporting Act (FCRA) represents a unique challenge for creditors and other furnishers of consumer credit information. Although the language of the FCRA has not substantially changed over the years, the interpretation and enforcement of it has drastically changed in the last 10 years. Navigating these changes can be daunting.

During this webinar, we'll discuss the basics of proper credit reporting, along with a more in-depth conversation regarding specific pitfalls and challenges that creditors and other data furnishers encounter. You will learn to navigate these challenges by ensuring that proper policies and procedures are in place to ensure compliance with current CFPB directives, in addition to recent changes instituted as a result of the COVID-19 legislation.

*e-OSCAR is a web-based, Metro2 compliant, automated system that facilitates credit history dispute processing
**Metro 2 is a standardized format for credit reporting data that allows credit reporting agencies to receive consumer credit history information

What You'll Learn

  • FCRA definitions, key terms, and reporting requirements
  • Types of credit reporting disputes
  • Responding to disputes through e-Oscar and Metro 2
  • Responding to direct consumer disputes
  • Role of the CFPB in credit reporting
  • Recent CFPB Rulings and Interpretations
  • Recent FCRA case law
  • Compliance tips

Instructors

Matthew D. Urban is a shareholder who manages the Pittsburgh Local Law Office and oversees credit union work across Pennsylvania. In addition, he practices in the area of Consumer Collections, focusing on a wide variety of collection and compliance matters. Matt regularly speaks on issues such FCRA compliance and the proper handling of writs of executions. Matt earned a B.A. magna cum laude in History from West Virginia University in 2000, and a J.D. from Duquesne University School of Law in 2003.