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Course/Product Description
Title:

Understanding and Using Credit Scores, Adverse Action Notices, & FCRA/FACTA Compliance

SKU:WT-1000658
Format: Webinar
Description:

During this 2 hour webinar, we will examine your compliance obligations when using Credit Scoring Models. Here are some questions we will address; If we are we required to give out the credit scores to our customers through our Adverse Action Notices and our Risk Based Pricing Notices which methods/models are best for you? Can a consumer or a Financial Intuition legally improve the FICO score, and if so, what improvements have the greatest impact? How does data (positive and negative) affect/effect scoring models? How do we avoid disparate treatment when using scoring models? How can we use credit scores to streamline the lending and checking account decision process? Can we get scores on Commercial Credit Applications? Is 650 still the base lending threshold we should be using?

These are just a few of the questions we will answer in this informative session.

Covered Topics:

  • New Adverse Action Notices and credit score compliance!
  • Avoiding Disparate Treatment - what examiners are reviewing!
  • Deposit Accounts - using models when opening deposit accounts to reduce loss and prevent fraud.
  • Credit Scores - Learn what affects your customer's score in both positive and negative ways - How the scoring systems work may surprise you.
  • Scoring Systems - AKA FICO, Emperica, Beacon &Vantage - Learn their strengths and weaknesses.
  • Scoring Products - Which scoring product is right for different types of lending.
  • Risk Based Pricing Notices - Review of the New REGS making sure your financial institution is in compliance.
  • Build Your Portfolio Faster - Customer's want it NOW! You want the best customers. Learn how to tie the BEST customers to your financial institution.
  • Bankruptcy - Evaluate the new bankruptcy scoring models and determine the right one for your company.
  • Accounts Receivable Scoring - Scoring your past dues will help you prioritize your efforts, and reduce your charge-offs.
  • Promotional Name List - The Pros and Cons of using Purchased Name List &the required Firm Offer of Credit!
  • Consumer Financial Protection Bureau's stand on FAKO credit scores supplied by the NCRAs
  • Bonus - Tips to Improve Your Customer's Credit Score!

Who Should Attend

This informative session is designed for your CEO, CFO, Directors, President, Managers, Branch &Assistant Managers, Credit Analyst, Commercial &Consumer Lenders, Compliance &Risk Officers, Collection Staff, Human Resource Trainers, and anyone responsible for establishing &maintaining credit policy &procedures.

The Presenter

Greg Souther is President of Greg Souther Consulting &Seminars (www.gregsouther.com) a firm that provides training and consulting to Financial Institutions in the following areas: Customer Service &Communication; Credit, Collection, &Compliance; Fraud Prevention&Information Security; and Marketing &Sales.

With over 28 years of training and speaking experience, Greg and his associates share practical "how to" advice that everyone can easily understand and use in their daily work environment.

Greg was Co-Owner and Manager of The Credit Bureaus of Southeast Georgia, the parent company for six Credit Reporting and Collection Agencies based in Brunswick, Georgia. Other Management, Marketing, and Human Resource experience includes Credifax, formerly the Credit Bureau of Jacksonville, the Credit Bureau of Valdosta, and the Credit Bureau of Athens.

Licenses / Designations / Educational Credits:CEU
All US States: 2.5
All Canadian Provinces: 2.5
About The Provider: Since 1983 Total Training Solutions has produced dozens of videotapes, CD-Roms, DVD's and web-based training modules. In addition to off-the-shelf products, Total Training Solutions also develops custom training products and consults with financial institutions to develop their own training curriculum.

For timely delivery of training topics, webinars or web conferencing is an unbeatable option. We now offer over 100 live programs per year and you can even purchase the recorded or ondemand session if you are unable to attend the live program.

We have worked exclusively with the financial industry since our founding. Because of this, we understand the needs of training departments in financial institutions and are alert to changes which affect the industry.

Webinar Descriptions:

Live Session:
Attend the live session with the opportunity to ask questions to the presenter. You also receive a link to the handouts. All registrations for a live event will be given access to the OnDemand recording, at no additional cost, for seven days following the event. This will allow a flexible alternative when last minute conflicts intrude on scheduled events.

Recorded CD:
CD-Rom includes audio and video of recorded webinar plus hard copy handouts. You will also receive 6 months access to the OnDemand weblink as an added free bonus.

OnDemand:
Includes a weblink for unlimited viewing for 6 months after the date of the webinar as well as a link to handouts.

Live + Recorded:
Includes all three options above. Live session, OnDemand Weblink, and CD-Rom plus Hardcopy Handouts.

Live + OnDemand:
Includes two of the options above. Live session and 6 months access to OnDemand Weblink plus link to handouts.
Price: $265.00
More Info: Contact Us For More Information
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Currently Scheduled Dates For This Webcast
Course TitleDatePrice
Understanding and Using Credit Scores, Adverse Action Notices, & FCRA/FACTA ComplianceCD/On-Demand$325.00

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