Insights from Michelle Macartney on how to overcome challenges with providing accurate consumer information to consumer reporting companies.
[Shared with permission from BAI]
Providing accurate consumer information to credit reporting agencies can be challenging for financial services organizations due to the volume and complexity involved. Establishing a Fair Credit Reporting Act (FCRA) center of excellence can help ensure credit reporting accuracy and reduce regulatory risk. It can also create greater operational efficiency and a more positive customer experience.
In this Q&A you’ll learn:
- Why credit reporting accuracy and disputes are pressing topics
- Current FCRA trends
- How governance and oversight differ from the compliance function
- How centralization helps lenders meet their current challenges
- How to establish a center of excellence
