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FCRA – What you need to know

  • Accountant
  • CMA
  • CPA (US)
  • CFIRS
  • CWS
  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Course Description

The Fair Credit Reporting Act is a federal law regulating the collection, dissemination, and use of consumer information, including consumer credit information in the United States.

Why does it matter how information about your credit is used?

Whenever you apply for a credit card, a car loan, a mortgage loan, or any other form of credit, the issuing company checks your credit history to assess your creditworthiness. The terms you are offered for credit (such as a loan) may be based in part on your credit score and information in your credit report.

Your credit history affects more than just your ability to get loans or the annual percentage rate (APR) on your credit cards. For instance, prospective landlords could check your credit report to see how creditworthy you are when deciding whether they can trust you to pay your rent on time.

In some states, employers may check your credit report for hiring purposes. Also, depending on the state, insurance companies may check your credit to determine whether to offer you coverage.

This CPE webinar addresses the roles and responsibilities of the FCRA and its impact on the recording requirements of Consumer Reporting Agencies (CRAs) including retention of negative information, liabilities for consumer notification, and provision of consumer credit reports.

In addition to the well-known “big three” of Experian, Equifax, and Trans Union, other organizations retaining records on consumers’ medical records and payments, insurance claims, residential and tenant history, check-writing history, and employment history may also be classed as a Nationwide Speciality Consumer Reporting Agency and fall within the remit of the FCRA.

The Consumer Financial Protection Bureau (CFPB) has undertaken the role of enforcing the FCRA including consumer rights, responsibilities of furnishers, and responsibilities of users.

Like many consumer protection statutes, the Fair Credit Reporting Act presents unique compliance challenges for creditors and other data furnishers of consumer credit information. From responding to disputes made through the various credit bureaus to direct consumer disputes your company must have proper policies and procedures in place to comply with the law and to ensure compliance with recent CFPB mandates.

The CPE webinar on Business Law will address FCRA requirements for information retention and reporting as well as the impact of the CFPB Continuous Supervision program and the Internal Review Process.

Learning Objectives

  • To discuss the roles and responsibilities of the FCRA.
  • To analyze the impact on the recording requirements of Consumer Reporting Agencies (CRAs).
  • To investigate FCRA requirements for information retention and reporting.
  • To discuss the impact of the CFPB Continuous Supervision program and the Internal Review Process

Recommended For

  • This Online CPE webinar is recommended for CPAs, CMAs, CEOs, CFOs, Business Owners, Business Managers, Entrepreneurs, and Other Individuals who want to understand the requirements of the Fair Credit Reporting Act.

Who Should Attend?

  • Accountant
  • Business Owner
  • CEO
  • Certified Management Accountant (CMA)
  • Certified Public Accountant (CPA)
  • CFO/Controller
  • Compliance Officers
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial Accountant
  • Entrepreneurial CPA
  • Finance Pros
  • Personal Financial Specialist
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 2 CPE Credit of Business Law for Certified Public Accountants (CPA-US)
  • 2 CPE Credit for Certified Management Accountants (CMA)
  • 2 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 2 CE Credit for Certified Wealth Strategist (CWS)
  • 2 General Credit of Business Law for Accountant/Bookkeeper/Tax Professionals

Additional details

  • Course Level :
    Basic
  • Credits :
    2
  • Instructional Method :
    Group Internet Based
  • Pre-requisites :
    None
  • Advance Preparation :
    None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Presenter

About Presenter

Richard Cascarino, CRMA, CIA, CISM, CFE

Founder, Richard Cascarino & Associates

Richard Cascarino has, for the last thirty-three years, been providing Internal Audit, Fraud Audit, IS Audit Consultancy, Risk Management and Corporate Governance consultancy as well as Professional Development services to clients throughout the United States of America, the African region,  Europe and the Middle East. These include Central Banks and Financial Institutions, some of the largest corporations, government departments, auditors general, and professional bodies in their respective countries.

He is also a visiting Lecturer at the University of the Witwatersrand, lead author of the book Internal Auditing - an Integrated Approach, published by Juta Publishing. In addition, he is the author of the Auditor's Guide to IT Auditing and Corporate Fraud and Internal Control: A Framework for Prevention" published by Wiley

Publishing He is also a contributor to QFINANCE – The Ultimate Resource published by Bloomsbury.

About Company

Richard Cascarino & Associates

www.rcascarino.com/

Richard Cascarino and Associates LLC are providers high quality consulting and training services worldwide. They are associated with some of the most experienced consultants and highest quality professional educators in the fields of Fraud Audit, IS Audit and IS Audit Training, Internal Audit and Internal Audit Training as well as Enterprise Risk Management.

Faq

FAQs content

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  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
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  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
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Ratings and Review

4.3

27 Ratings

Excellent

8

Very Good

18

Average

1

Poor

0

Terrible

0

JH

Jean Hess, CFE, CPA/CITP, CPA (US)

Dec 30th, 2021

Appeared that presenter was reading sometimes vs talking to audience. Good content!

Fair Credit Reporting Act (FCRA) CPE Course

PREMIUM

2 Credits

Subject Area

Business Law

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