Program Description:
Section 312 of the FACT Act has now been approved with a “Comply By” date of July, 1, 2010! Are you ready???
Part 1 of a 2 part series, this program provides 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. 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.
Provides invaluable insight into what constitutes reasonable procedures from a practical application standpoint. This includes describing, realistically, the types of practical analytics you need to have in place, the impact of Metro 2 on the financial institution and consumer, what can be done to control dispute volumes, how to get the bureaus to do some of the work for you, and much more! What Are “Reasonablle Procedures?”
This program provides recommended process
steps, reports and analytics to help you develop “reasonable procedures” related to your business.
Get answers to frequently asked questions, such
as:
- 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 institution & the consumer?
- What can be done to control dispute
volumes?
- And how to get the bureaus to do some of
the work for you!
Who Should Attend:
The Part 1 overview session was designed for all levels of management including Executives, Directors, Risk Managers, Compliance Staff, Internal Auditors, Attorneys, Lenders, Systems Staff, etc.
Presenter:
Jennifer Maisano is President of Credit Bureau Strategy
Consulting, LLC. Jennifer has 20+ years experience in the
financial industry in Credit Risk and Fraud Risk Management,
including managing Credit Bureau Strategy and Reporting for
Citigroup’s consumer finance division.
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