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?

Just like in face-to-face classes, CUNA Webinars allow you to see and hear a presentation, ask questions of the instructor, and refer to handouts. You need only a speakerphone and computer with Internet connection. With a computer projection screen, it's easy to provide this training to a whole roomful of staff!

When you register for an event, the connection information will be e-mailed to you 24-48 hours before the event. If you are registering for an event the day it is being held, please call 800-356-9655, ext. 4249 or e-mail training@cuna.coop for assistance.

Did you know...in addition to attending this event live, your tuition includes six months of unlimited access to the archived (recorded) event within 48 hours of the live event for your entire credit union. See the archived events available to you and your credit union.

CUNA Webinars use Adobe Connect to provide an interactive and convenient online learning environment. Whether you are a first time Adobe Connect user, or simply need a refresher, take a short tour. You'll learn how to effectively interact with the presenter and your peers during live webinars.

This webinar is part of the New FACTA 312 & Credit Reporting: 2 part Webinar Series held on March 17 & 24, 2010.

Can't attend at this time? Click here for the archived version.

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 9, 2010. Substitutions are accepted anytime prior to the start of the program at no additional cost. Simply fax event and contact information, listing the new participant and who they will be replacing. Cancellation fees do not apply for free or complimentary programs.