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FAIR CREDIT REPORTING ACT (FCRA)
Course Description
Fair Credit Reporting Act covers compliance requirements under the Fair
Credit Reporting Act (FCRA). Students will learn about the purpose of
the FCRA, and review the types of transactions and exemptions covered
under it. The course also teaches students the requirements,
responsibilities and rights outlined under the Act, including special
guidelines for the sharing of consumer information between affiliates,
as well as the actions students must take to help ensure compliance with
the FCRA.
Audience
Any employee involved in using or reporting credit information.
Learning Objectives
After completing this course, students will be able to:
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Explain the purpose of the Fair Credit Reporting Act
and what it covers.
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Describe the requirements, responsibilities, and
rights outlined under the Act.
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Describe requirements of financial institutions as
users of consumer reports and as providers of information.
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Describe the consequences for noncompliance.
Course Credits
AIB credits: 0.25
ICB credits: 5.0 CRCM or CLBB
CEU credits: 0.5
Delivery Methods
This course is available in the following formats:
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