Module 2 - Credit Group

Overview

Equal Credit Opportunity Act – Reg. B

• Review of prohibited actions that constitute discrimination or discouragement
• Adverse Action Notice – standards & procedures
• Credit application recordkeeping requirements

Fair Credit Reporting Act

• Standards for obtaining/submitting a credit history report
• A detailed listing of permissible credit report entries
• Prohibitions for providing credit history reports
• Methods for controlling access to credit files – fraud alerts/credit freezes
• Adverse Action Notice provisions / Risk-based Pricing Rule provisions