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FCRA: Overview

This FCRA: Overview online training course is designed for all consumer lending employees to learn the broad strokes of the Fair Credit Reporting Act (FCRA). The FCRA is a part of a group of acts contained in the Federal Consumer Credit Protection Act. It regulates the use of knowledge of consumer information by entities such as your organization, that produce, transmit, procure, and use this information. By taking this course, you will identify the provisions for using such information, such as medical information, in a compliant manner, which is also fair to the consumer.
SKU: P0689EN
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This FCRA: Overview online training course explores the foundations of the Fair Credit Reporting Act (FCRA).

The FCRA regulates entities that are involved in lending to consumers, specifically when it involves consumer information. It provides rules and a framework for such entities to produce, transmit, procure, and use this information in a fair manner. It also creates space for consumers to bring forward any grievances they might have if they believe that they have been treated unfairly by these entities or if they believe their identities have been compromised. Banks are responsible for ensuring that provisions are made for consumers to be protected and for their grievances to be heard and investigated.

Course Learning Objectives

By taking this online FCRA: Overview course, the user will learn to:

  • Recognize when it is permissible to pull a consumer report
  • Use the knowledge of medical information in a compliant manner
  • Report accurate information to credit reporting agencies
  • Provide appropriate disclosures to consumer applicants
  • Ensure your bank has an Identity Theft Prevention Program in place
  • Comply with all requirements under the FCRA

Course Outline

This online FCRA: Overview course is made up of the following sections:

  1. Obtaining Consumer Reports
  2. Medical Information
  3. Furnishing Information
  4. Risk-Based Pricing
  5. Identity Theft Prevention
  6. Miscellaneous

Course Audience

This FCRA: Overview online training course was designed for all consumer lending employees.

If you have any concerns as to whether this course is appropriate for you or your industry, please browse our full selection of online courses.

Products specifications
Course FeaturesAccessible, Audio, Mobile
Course LanguageEnglish
Length Range30 Minutes or Less
Length (Hours)0.5
Module Number(s)41253EN