Section 312 of the FACT Act has been approved with a compliance date of July, 1, 2010!
This webinar will provide an overview of the "reasonable procedures" which examiners should expect to be in place to meet both current FCRA and upcoming FACTA 312 audit requirements. Exploring the "what" and the "why," this program discusses the events that sparked the new regulation, new requirements of FACTA 312 and introduces, from a day-to-day operational standpoint, the types of data audit and testing techniques that are required by both FCRA and FACTA 312 and why.

This session explores the "what" and the "why" of the new FACTA 312 regulation. Rather than regurgitating regulatory text, this training explores day-to-day practical application, as well as the financial and regulatory benefits and risks resulting from specific credit bureau reporting issues.

Get answers to frequently asked questions, such as:

• What are the requirements of the new FACTA 312 regulation?
• Functionally, what actually constitutes "reasonable procedures?"
• What types of practical analytics do I need to create & how frequently do I need to evaluate?
• What impact does Metro 2 really have on the financial institution & the consumer?
• What can be done to control dispute volumes?
• How do you get the bureaus to do the work for you?

Archived CUNA Webinars enable staff to pick up new skills and keep up with daily responsibilities. Viewing a archived webinar will enable you to see and hear a presentation, questions of the instructor, and refer to handouts. You need only a computer with an Internet connection and speakers. If you have a computer projection screen, it's easy to provide this training to a whole roomful of staff!

Use our 90- to 120-minute archived webinars as part of a full day of training by gaining knowledge and ideas at the webinar, then spend some time discussing how the new information applies to your credit union.

A single session archived webinar will be made available usually within 48 hours of the live event and a two session archived webinar will be made available within 48 hours of the conclusion of the second session. By registering for this archived webinar, you will receive unlimited access until the end date listed above. No access to this archived webinar is provided after the end date listed above.

Attend this webinar live on March 17, 2010

Access this archived webinar

This webinar will provide the recommended process steps, reports, and analytics to help you develop "reasonable procedures" related to your credit union, making it a valuable session for anyone involved in the credit reporting process.

Affiliation with CUNA/League is required for attendance.

Jennifer Maisano

Jennifer is president and CEO of Credit Bureau Strategy Consulting, LLC. She has more than 18 years of experience as an MBA and senior manager, eight years experience as vice president and executive level risk management, including credit bureau management, vendor management, credit policy, pre-screen acquisitions, fraud risk and project management positions in both the financial and consulting industries. She has extensive experience in project research, process reengineering, and strategic planning resulting in $20M+ operational risk savings per year in application fraud and identity theft losses, as well as other credit processing financial savings.

The last day for cancellations was March 16, 2010. Substitutions are accepted anytime prior to March 17, 2010 at no additional cost. Simply fax event and contact information, listing the new participant and who they will be replacing.