This course helps data furnishers understand and potentially resolve complex credit reporting scenarios and situations through discussion of recent industry trends and risks, as well as live use cases of complex scenarios.

Frequent updates to regulatory requirements and the necessary format for providing account- and consumer-level information to the credit reporting agencies require a constant review of the changes by data furnishers. Specifically, this material will offer an overview of the enhancements driven by COVID-19.

This course will detail recent enforcement action and litigation that companies may want to address proactively in reporting approach, policy, or procedure. You will also receive examples of common issues affecting furnishers today, their impact on furnishing or servicing, and ways to avoid them.What You'll Learn:Speakers and FCRA Experience

• Brief Introduction to Each of the Speakers and Details on Their Previous Experiences and Areas of Expertise

Credit Reporting Furnishing Overview

• High-Level Overview of the Credit Reporting Process, Including Furnishing and Disputes

Annual Credit Reporting Resource Guide (CRRG) Updates

• Review the Most Recent Updates to the CRRG and How They Affect the Responsibilities of Furnishers, Including the New Guidance Related to COVID-19

Common Furnishing Issues and Challenges

• Walk Through Reporting Concerns, Their Impact on Furnishing and/or Servicing, and Remediation Options

Action Steps and Best Practices for Enhanced Compliance With FCRA and Industry Standards

• Recommendations for Analyzing Current Processes and Procedures, Implementing Any Corrective Actions Required, and Establishing Oversight Framework