What You'll Learn
Course Overview: This course introduces financial institution employees to consumer credit reports and the regulations that control the collection, dissemination, and use of consumer credit information.
Learning Objectives:
-
Understand financial institutions’ responsibilities to customers
-
Identify and explain information contained in consumer credit reports
-
Disclose applicable information to customers using proper notices, as required
Audience: Customer Service Reps, Lending Staff, Management
Length of Course: This course takes approximately 15 minutes to complete.
You Might Also Like
Everyone in the banking industry has seen the continued changes in regulatory agencies with the new Administration and the apparent shift in focus on consumer protections. What does this mean for the long-time focus on UDAAP and what the CFPB previously called “junk fees”? We didn’t just walk aw...
Instructor: Maureen Carollo

Many people are involved in the escrow process, and each one of their touch points invites opportunity for error. Are staff members getting the right tax and insurance figures? Are lenders explaining it correctly to borrowers (especially if there will be a “shock” to come)? Are servicing staff...
Instructor: Rebekah Leonard

Most bankers acknowledge that construction lending is riskier than other types of commercial lending because: Repayment ability depends on successful completion of the construction before the project can generate cash flow from the sale of the finished property, from rental or lease of the real ...
Instructor: Dev Strischek

Construction Lending and Real Credit Administration (RECAD): Evaluating, Underwriting, and Monitoring Construction Loans

Hurricanes. Sea swells. Rainstorms. Snow melts. Ice jams. Any one of these things can cause flooding and substantial damage to your bank’s collateral and your customer’s property. FEMA, the government agency that exists to help Americans through the worst emergencies, doesn’t have the abili...
Instructor: Rebekah Leonard
