Metro 2, e-OSCAR and the New FCRA/CFPB Compliance Requirements
|Date / Time:
Most credit reporting disputes are handled through the e-OSCAR/ACDV system, which has had recent updates that affect data furnishers' legal obligations in regard to these disputes. This is an active area of litigation and regulatory scrutiny.
This topic will help attendees better understand their potential legal risk and compliance obligations with respect to consumer credit reporting. Special problems relating to the Metro 2 credit reporting guidelines relating to bankruptcies, disputed accounts and identity theft also will be addressed.
Metro 2 Credit Reporting Guidelines
e-OSCAR and FCRA Litigation Risk and Compliance Burden
- Furnishers' Initial Reporting Obligations Under 15 U.S.C. § 1681s-2(a)
- Recent FCRA and Related Litigation
- Reporting of Accounts Included in Bankruptcy
- Chapter 7
- Chapter 13
- Reporting of Accounts in Dispute
Handling Consumer Claims of Identity TheftAbout The Presenters
- Recent Developments in FCRA/CFPB Compliance Requirements
- Responding to a CRA Dispute and the ACDV System (15 U.S.C. § 1681s-2(b))
- Scope of Review of Consumer Dispute
- Deletion of Tradelines and Related Obligations
Stephen J. Newman
- Partner at Stroock & Stroock & Lavan LLP
- Experience in defending class actions and other representative litigation, as well as proceedings commenced by government officials on behalf of the general public
- Extensive knowledge of state and federal laws relating to credit reporting, data security and privacy, debt collection, unfair business practices and other consumer protection statutes
- Defended many cases under the Fair Credit Reporting Act, California’s Consumer Credit Reporting Agencies Act, California’s Unfair Competition Law and Consumers Legal Remedies Act, representing a broad range of companies, including retailers, banks, student and mortgage lenders, Internet-based businesses, insurers, and manufacturers
- Handled litigation involving a variety of other issues, including data security, consumer privacy, securities fraud, accountants’ malpractice, actuaries’ malpractice and insurance
- J.D. degree, with honors, University of Chicago; A.B. degree, magna cum laude, economics, Harvard University
- Associate at Stroock & Stroock & Lavan LLP
- Practice focuses on the defense of class actions and other complex litigation, including actions under the Telephone Consumer Protection Act, Fair Credit Reporting Act, Fair Debt Collection Practices Act, California’s Unfair Competition Law and Consumer Credit Reporting Agencies Act, as well as related claims in federal and state courts
- Counsels clients with regard to compliance and regulatory matters and has defended proceedings commenced by government agencies
- Represented a broad range of companies, including banks and other lending institutions, chemical manufacturing companies, and other Fortune 500 companies
- Has successfully resolved more than forty filed or threatened credit reporting litigations, and never has had an adverse judgment entered against any of her credit reporting clients
- J.D. degree, University of California; B.A. degree, summa cum laude, University of California, Riverside
Cannot Attend The Live Presentation?
This presentation is also available in a recorded format, in CD version, as shown in the pricing options below.
|About Webcasts / Audio Conferences / Podcasts:|
Webcasts, audio conferences, and podcasts are presentations that you
attend via the Internet, phone, or mobile device at a specified date and time for "live" versions, or at your convenience for "recorded" and "On-Demand" versions.
versions are interactive, meaning that participants can ask questions in real time, plus are a very cost-effective form of training because 1) you receive fast, convenient learning without
any out-of-office time; 2) you can invite as many colleagues as you'd like to listen in on a single phone line; 3) you incur no travel expenses; and 4) you and your colleagues are back
at work immediately after the session ends!
And though with recorded versions you do lose the ability to ask questions, you gain the ability to hear the presentation numerous
times and to share it with others in your office.
Handout materials and the phone number for live presentations are made available to you prior to the event via email from the
presenter and from the "MyAccount" link on the menu bar. Copies of the presentations are included with recorded versions.
|About The Provider:
||Lorman Education Services has provided educational seminars and online training for professionals since 1987.
Since then, we've kept thousands of professionals in the United States and internationally current on the most pressing topics in a rapidly changing marketplace of ideas. Like you, we understand the need for concise, accurate information.
That understanding underlies each Lorman course, presenting the latest information on the laws and regulations critical to your organization's successful daily operations.
Moreover, each course receives our painstaking attention to be certain both the faculty and participants receive the individual attention necessary to achieve maximum benefit from the materials.
||Contact Us For More Information
||Share on Facebook
Share on Twitter
Share on Google+
Letters of Credit
ACH Exception Processing
Key Ratio Analysis: Calculating and Interpreting the Numbers Correctly!
Deposit Analysis For Today′s Environment
Bank Call Report Preparation for Beginners
Call Reports: RC-C Loan Coding and Related RC-R Reporting
Safe Deposit Box "Danger Zones"
Controlling the Risks of Power of Attorney Documents
Certified Regulatory Vendor Program Manager
Reg E Compliance – Five Best Practices for Handling Disputes
Basic Bankruptcy for Bankers
Flood Insurance Compliance Hot Spots
Opening New Accounts: Trust, Fiduciary and Minor Accounts
Opening New Accounts: Business Accounts
Limited Liability Companies: Do′s and Don′ts
Regulation CC - Check Holds