{"product_id":"fcra-the-800-pound-compliance-gorilla-copy","title":"FCRA – the 800 Pound Compliance Gorilla","description":"\u003cp class=\"x_MsoNormal\" data-olk-copy-source=\"MessageBody\"\u003eIt’s no exaggeration:  Regulations implementing the FCRA represent some of the most underrated rules in banking. Their reach extends far and wide within financial institutions, covering everything from deposit accounts to loans; human Resources to Marketing. \u003c\/p\u003e\n\u003cp class=\"x_MsoNormal\"\u003eConsider it the 800 pound gorilla you didn’t even know you had in the room. Left unchecked, it could make a huge mess of things! Is your Compliance Management System adequately addressing\u003cspan\u003e \u003c\/span\u003e\u003ci\u003eall\u003cspan\u003e \u003c\/span\u003e\u003c\/i\u003ethe numerous facets of FCRA?  Gaps occur frequently, simply because so many bank players need to be involved.  If you only have an FCRA lending policy, you are undoubtedly leaving off about half the coverage of FCRA. \u003c\/p\u003e\n\u003cp class=\"x_Default\"\u003e\u003cstrong\u003e\u003cspan data-olk-copy-source=\"MessageBody\"\u003eAGENDA\u003c\/span\u003e\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp class=\"x_MsoNormal\"\u003e\u003cu\u003eLending Issues:\u003c\/u\u003e\u003c\/p\u003e\n\u003cul type=\"disc\"\u003e\n\u003cli class=\"x_MsoListParagraph\"\u003ePermissible purpose\u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraph\"\u003eWhen medical information may be considered (but should it?)\u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraph\"\u003eAccurate adverse action notice disclosures (far more to them than just Reg B)\u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraph\"\u003eRisk Based Pricing Notices\u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraph\"\u003eCredit score disclosures (several varieties)\u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraph\"\u003eFraud alerts\u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraph\"\u003eAccurate credit reporting (i.e. lenders can’t waive bad reporting for good customers)\u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraph\"\u003eFurnishing of negative information\u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraph\"\u003eDispute and error resolution\u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraph\"\u003ePrescreening solicitations (which may impact your customers even if your institution isn’t doing them… Hello “trigger leads”!)\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp class=\"x_MsoNormal\"\u003e\u003cu\u003eDeposit \/ Operational Issues:\u003c\/u\u003e\u003c\/p\u003e\n\u003cul type=\"disc\"\u003e\n\u003cli class=\"x_MsoListParagraph\"\u003ePermissible purpose (yep, again)\u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraph\"\u003eAffiliate information sharing and what it means for marketing\u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraph\"\u003eDeposit account adverse action notice disclosures\u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraph\"\u003eAccurate credit reporting (E-OSCAR)\u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraph\"\u003eRe-pollution of data\u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraph\"\u003eIdentity Theft Prevention Program (i.e. Red Flags program)\u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraph\"\u003eDisposal of consumer information\u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraph\"\u003ePrescreening solicitations (yes, here too!)\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp class=\"x_MsoNormal\"\u003e\u003cu\u003eEmployment Issues:\u003c\/u\u003e\u003c\/p\u003e\n\u003cul type=\"disc\"\u003e\n\u003cli class=\"x_MsoListParagraph\"\u003ePermissible purpose (I sense a theme…)\u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraph\"\u003eEmployment credit reports (Unique – don’t substitute credit reports pulled on the loan side!)\u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraph\"\u003eRequired pre-pull disclosures\u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraph\"\u003eEmployment adverse action notice disclosures\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e*This program does NOT qualify, nor meet the National Standard for NASBA accreditation. \u003c\/p\u003e","brand":"BankersHub","offers":[{"title":"Default Title","offer_id":46387185811631,"sku":"ODC1210252","price":299.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0646\/2894\/9167\/files\/FCRA.png?v=1762291048","url":"https:\/\/www.bankershub.com\/products\/fcra-the-800-pound-compliance-gorilla-copy","provider":"BankersHub","version":"1.0","type":"link"}