Webinar: Implementing FACT Act Accuracy & Integrity Rules
Tuesday, February 23, 2010 at 3 p.m. through Tuesday, February 23, 2010 at 4:30 p.m.
Deadline for Compliance - July 1, 2010
Implementing FACT Act Accuracy & Integrity Rules: Deadline July 1, 2010
TELEPHONE – WEBINAR – AUDIO/VISUAL CD ROM
DATE: Tuesday, February 23, 2010
TIME: 3:00 pm – 4:30 pm Eastern
The agencies (OCC, FRB, FDIC, OTS, NCUA, and FTC) have released final rules for FACTA Section 312. This section requires strict compliance for furnishers of consumer-credit information to National Credit Reporting Agencies. The new rules are designed to improve the accuracy and integrity of information, as well as provide consumers with the right to dispute credit information with the entity that furnished it (i.e., your credit union).
Will you be ready? The new rules are effective on July 1, 2010.
REGISTRATION
For your convenience, you may register online!
Register Now or Learn More About Your Registration Options – click here
If you prefer to mail or fax your registration, please use the link above and print the form.
HIGHLIGHTS
- Why you are required to review your current policy and procedures for weaknesses
- Establishing and implementing NEW policies and procedures consistent with the final rules
- Why you must demonstrate periodic reviews of policies/procedures regarding changes to furnishing activities, or if deficiencies in data accuracy are discovered
- Technology’s role when your credit union furnishes and responds to disputes, and procedures that demonstrate effectiveness
- Appropriate internal controls regarding the “accuracy and integrity” of consumer information
- Consumer requirements for direct disputes
- Credit union requirements for direct disputes: conducting a reasonable investigation
- Frivolous disputes – when it’s OK not to respond to a direct dispute and the steps to take
- Providing proper training to your staff
- Appropriate and effective oversight of service providers
WHY SHOULD YOU PARTICIPATE?
This session is a cost-effective way to learn how changes in Section 312 of the Fair Credit Reporting Act/Fair and Accurate Credit Transaction Act will impact all areas of your credit union’s operations. You may train as many individuals as you like for one set price. There will be no travel costs, no time lost from work, and no one will be required to leave the institution.
WHO SHOULD ATTEND?
This informative training will be beneficial for staff members who deal with policy and procedures, credit reports, reporting to credit agencies, as well as, management, lenders, credit analysts, compliance officers, security officers, operations officers, and collectors.
PLEASE NOTE: Your registration fee allows you to have one telephone connection. However, as many people as you like may listen from your office speaker phone. If you register for the webinar, your registration fee also includes one internet connection from a single computer terminal.
ABOUT THE PRESENTER – Greg Souther, Greg Souther Consulting & Seminars
Greg is President of Greg Souther Consulting & Seminars, a firm that provides training and consulting to businesses in the areas of Service & Communication; Credit & Collections; Fraud & Security; and Marketing & Sales. Previously, Greg was co–owner and President of The Credit Bureaus of Southeast Georgia, the parent company for six credit reporting and collection agencies based in Brunswick, Georgia.
In addition, Greg is a former President of Associated Credit Bureaus of Georgia; a former President of Georgia Collectors Association; a former Dean, Trustee, and Instructor of Southern Management Institute; and previously a Certified Instructor for American Collectors Association, Inc. With over 25 years of training and speaking experience, Greg shares practical, "how to" advice that everyone can easily understand and use in their daily work environment.
WHAT IS A WEBINAR?
This training method allows unlimited listeners on your office speaker phone. By choosing the webinar option, participants will also be able to view online visuals as the presentation is delivered. Registrants receive a toll-free number and pass code that will allow entrance to the seminar. The session will be approximately 90 minutes, including question and answer sessions. Seminar materials will be sent prior to the broadcast along with hookup instructions. Your pin number, hookup instructions and handouts will be emailed to you. You will need the most current version of Adobe Acrobat Reader available free at www.adobe.com.
CAN’T ATTEND THE SCHEDULED TRAINING? ORDER THE AUDIO/VISUAL CD ROM!
As an added benefit, you may purchase a CD Rom* of this presentation. The CD includes the original audio/visual presentation, the question and answer sessions, and the handouts. In addition, you will be able to contact the presenter if you have follow-up questions. Use this “off-the-shelf” training program for those that could not attend the live seminar and for future training. AFFORDABLE, PROFESSIONAL TRAINING, WHEN AND WHERE YOU CHOOSE.
*CD Rom for PC use only