Monthly Telephone Briefing

BCG offers its members monthly Telephone Briefings on legal and regulatory matters. Also, you have the option to listen to audio presentations of meetings archived for up to 12 months after their original presentation dates. This benefit is called, “Listen While You Work.” You simply select a topic, minimize the screen, and listen to a streaming audio presentation while you work at your desk.

Please feel free to sign up annually, register for the next scheduled BCG Monthly Telephone Briefing or download an archived Handout below.

Current BCG Monthly Telephone Briefing Topic(s)

Friday, October 16, 2020
12:00 - 1:30 p.m.

CFPB's FCRA Guidance During the Pandemic

Even if voluntary, furnishing information to credit bureaus is subject to burdensome requirements under the Fair Credit Reporting Act (FCRA) and is fraught with peril and exposure to civil liability (especially in California). The pandemic and new CARES Act requirement to report loans with payment accommodations as “current” only made FCRA compliance more difficult and resulted in more questions than answers. In an attempt to resolve those questions, the CFPB has issued a policy statement and FAQs. BCG will walk you through those issues and this CFPB guidance.

Briefing Highlights:

• The CARES Act’s credit reporting requirements
• The CFPB’s FCRA & CARES Act policy statement
• The CFPB’s FAQs on the FCRA & CARES Act

 Download Handout Here!