Better understand the scope and extent of the Fair Credit Reporting Act.
The Fair Credit Reporting Act (FCRA) is a wide-ranging statute governing the collection, maintenance, and disclosure of consumers' personal credit information. In addition to regulating consumer reporting agencies, the FCRA imposes obligations upon furnishers and third-party users of credit information. As FCRA litigation continues to rise nationwide and compliance risks shift accordingly, it is more important than ever for industry actors alike to be familiar with the FCRA and its implications. This course will help those responsible for compliance and related litigation to understand better the scope and extent of the Fair Credit Reporting Act. This material will also highlight common scenarios that occur within the credit reporting space and explain potential legal hazards and related outcomes, including the possibility of monetary awards and even enforcement action. This course is critical for industry professionals and their counsel to ensure they are complying with the FCRA both to improve operations and minimize risk.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Introduction to the Fair Credit Reporting Act
- Statutory Scope
- Covered Entities
Common Claims and Sources of Liability
- Failing to Properly Investigate Consumer Disputes
- Issuing Consumer Reports for an Impermissible Purpose
- Failing to Follow Reasonable Procedures for Ensuring Accurate Information
- Identity Theft and Fraudulent Account Issues
Private Remedies and Public Enforcement
- Causes of Action
- Damages
- Common Defenses
- Enforcement Authority
Special Considerations
- Preemption of State Law Claims
- Class Actions
- Impact of COVID-19
Questions and Answers
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on July 29, 2022.
Call 1-866-352-9540 for further credit information.
- AK CLE 1.0
- Alaska attorneys may receive 1.0 hours of continuing legal education for completing this program. Please contact the Alaska Bar Association or go to www.alaskabar.org for details regarding reciprocity with other states.
- AL CLE 1.1
- This course or a portion thereof has been approved by the Alabama State Mandatory Continuing Legal Education Commission for a maximum of 1.1 hours credit.
- AR CLE 1.0
- This course has been approved for 1.0 hours of CLE by the Arkansas CLE Board.
- Arizona CLE 1.0
- The Arizona State Bar does not pre-approve or pre-certify MCLE programs. However, records of this program and attendance will be maintained by Lorman Education Services for auditing purposes. This activity may qualify for up to 1.0 hours toward your annual CLE requirement for the State Bar of Arizona.
- CA MCLE 1.0
- Lorman Education Services is a State Bar of California approved MCLE sponsor and this course qualifies for 1.0 CLE hours of participatory credit.
- CT CLE 1.0
- Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.0 CLE credit(s).
- GA CLE 1.0
- This program has been approved by the Georgia Commission on Continuing Lawyer Competency for 1.0 CLE hours.
- MO CLE 1.3
- This course qualifies for self-study CLE credit in Missouri.
- ND CLE 1.0
- North Dakota CLE policy does not allow for pre-approval of any self-study courses. This course may qualify for up to 1.0 hours of CLE credit.
- NH MCLE 1.1
- NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this Ondemand course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 66 Minutes.
- NM CLE 1.1
- This program has been approved by the New Mexico Minimum Continuing Legal Education Board for 1.1 hours of credit.
- NV CLE 1.0
- This program has been approved by the Nevada Board of Continuing Legal Education for 1.0 CLE hours.
- NY CLE 1.0 including Areas of Professional Practice 1
- This course has been approved in accordance with the requirements of the New York Continuing Legal Education Board for up to a maximum of 1.0 credit hours in the area(s) of Areas of Professional Practice for 1.00 hour. Each hour may be counted only as satisfying one category of credit. Duplicate credit for the same hour of instruction is not permitted. This course qualifies for both established and newly admitted attorneys. Lorman Education- Noggin Guru, Inc. has a financial hardship guideline. Please contact customer service at 1.866.352.9539 for instructions on how to apply.
- RI CLE 1.0
- This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 1.0 hours of CLE credit.
- VT CLE 1.0
- This self-study program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.0 hour(s) of CLE credit. Please note: Attorneys may only claim 12 credits per compliance period in this format. This course is considered "Non-Moderated Programming without Interactivity".
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Brian M. Bennett
Stites & Harbison, PLLC
- Member/Partner in the Creditors’ Rights & Bankruptcy service group at Stites & Harbison, PLLC
- Admitted to practice in the Commonwealth of Kentucky, State of Indiana, and federal courts
- Practice focuses on financial institutions litigation, including foreclosure, eviction, and title insurance and litigation/compliance under the Fair Credit Reporting Act, Fair Debt Collection Practices Act, Real Estate Settlement Procedures Act, and related consumer protection statutes
- Routine speaker to local and national audiences on financial institution litigation/compliance issues
- Co-author of the “Kentucky Mortgage Loan Companies and Mortgage Loan Brokers” chapter of UK/CLE Real Estate Law and Practice Handbook
- Member of the Kentucky, Indiana, and Louisville Bar Associations, the Mortgage Bankers Association, and the Conference on Consumer Finance Law
- Graduate, cum laude, Brandeis School of Law at the University of Louisville
- Can be contacted at [email protected] or 502-681-0530
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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