Complying with the FCRA

Accurate data is a cornerstone in facilitating the credit reporting process. When lenders furnish information to the Credit Reporting Agencies (CRAs), the CRAs then collect, store, maintain, and distribute consumers’ credit history. What’s most important, data furnishers and CRAs must comply with the Fair Credit Report Act (FCRA) to ensure this is done with accuracy and integrity. When this doesn’t happen, reputation and customer satisfaction are at risk.

In this paper we are going to explore what it means to comply with the Fair Credit Reporting Act while protecting your reputation and customer experience. 

We recommend:

1. Outline furnishing policies and details
2. Establish a three-way reconciliation
3. Make sure there is quality control
4. Perform data analytics
5. Manage oversight and reporting
6. Upgrade technology to improve efficiency
   
   

Download our white paper to learn more.