Can we pull a credit report on a past due account when we are trying to skip trace them?
I know some banks do lip service to consumer complaints over credit reporting. What can happen when these are done wrong?
Do you have any suggestions for repeat frivolous disputes?
What are the permissible reasons to pull a credit report?
Must a loan request be in writing or that we have a signed authorization to access a credit report?
If a customer is a victim of identity theft, they notify credit bureau. The bureau places an initial alert for 90 days. Does the bureau automatically extend the alert for 7 years or does consumer have to request that?
When will the Interagency Guidance on Third-Party Relationships: Risk Management document become effective?
Can we shift responsibility for safety and soundness to a third-party service provider in our contract with them?
Are the areas addressed in the Guidance limited to laws and regulations addressing fair lending and prohibitions against unfair, deceptive or abusive acts or practices?
Does my small community bank need to adopt the same third-party relationship risk management approaches as larger, more complex banking organizations?