Presenter: David A. Reed, JD, Reed and Jolly, PLLC
Date: Tuesday, May 22, 2012
Time: 2:00 - 3:30 pm Central
The fines for improper reporting can be substantial!
When was the last time you really considered the importance of a credit report? How about the risks? Access to reasonably-priced credit is an essential element in every member’s economic life and no factor is more important than their credit score. But what happens if there is a mistake in the score and it’s your credit union’s fault? There has been an alarming increase in consumer-related litigation against credit unions involving credit reporting.
The Fair Credit Reporting Act and FACT Act apply to every credit union that reports member information to a credit reporting agency and the fines for improper reporting can be substantial! Throw privacy and bankruptcy into the mix and you have some real liabilities to address. The worst thing you can do is nothing! Is your credit union in compliance?
What You Will Learn
Who Should Sign Up?
This informative session will be beneficial for lending staff and executives, risk managers, collection staff, compliance personnel, IT employees, and internal auditors.
About the Presenter:
Attorney, author, consultant, and nationally-recognized speaker, David Reed is a partner in the law firm of Reed and Jolly, PLLC. He provides guidance to credit unions on establishment and revision of policies and procedures, organizational compliance, collections, security, contractual agreements, regulatory matters, and corporate governance. His engaging speaking style has made him a nationwide lecturer on regulatory compliance, consumer lending, bankruptcy, and collections.
A former trial attorney and vice president and general counsel of a large credit union, David is particularly known as an expert in the areas of credit union operations, bankruptcy, and collections. He has trained state and federal examination staff on numerous issues, including BSA, ID theft red flags, SAFE Act, third-party contract management, and bankruptcy. He also serves as editor of several industry manuals including Collections Manual for Credit Unions and Bankruptcy Guide for Credit Unions.