Skip to content

Thwart FCRA Litigation: Best Tip to Prevent Lawsuits

What is the single best way our bank can decrease the chances of being hit with a class action lawsuit?

To avoid being the target of a c lass action suit, your bank needs to ensure that your credit reporting procedures are available for your employees (and examiners/regulators!) to review in written format. These policies and procedures must incorporate all applicable parts of Regulation V. By maintaining reasonable written policies, procedures, and processes, you can help ensure the maximum possible accuracy of information you furnish to credit reporting agencies (CRAs).
Another step you can take? Attend this webinar and discover how to implement effective credit reporting P&Ps!
Learn more about Carly Souther’s webinar New FCRA Compliance Requirements

First published on 03/22/2020

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics