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#1384331 - 04/30/10 04:08 PM Verification of credit reporting info
SUSANE1 Offline
Platinum Poster
Joined: Mar 2008
Posts: 808
Must have read and put on back burner (task reminder).. well the task popped up today to remind me to check into verification of reported into to credit bureau? Is this a new requirement of FACT Act, can't remember nor find material stating such.

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#1384734 - 04/30/10 11:00 PM Re: Verification of credit reporting info SUSANE1
jlroberts Offline
Diamond Poster
Joined: Sep 2009
Posts: 1,574
Yes, in the reg (page 14)

Establishing and implementing appropriate internal controls regarding the accuracy and integrity of information about consumers furnished to CRAs, such as by implementing standard procedures, verifying random samples, and conducting regular reviews of information provided to CRAs.

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