Aldrich & Bonnefin is pleased to invite you to a Seminar on the Equal Credit Opportunity Act (ECOA), its implementing Regulation B, and the Fair Credit Reporting Act (FCRA).
As we will discuss during this Seminar, ECOA applies to every loan and every aspect of a credit transaction. To top it off, FCRA applies every time you pull a consumer’s credit report. So, outside of not making loans or never pulling a credit report, there is no way around ECOA and FCRA compliance.
This Seminar will walk you through ECOA and FCRA’s heavy hitters, such as the adverse action notice rules, the signature rules, and when you may pull a credit report (“permissible purpose”). This Seminar will go beyond permissible purpose to cover other FCRA topics such as handling consumers’ disputes about information in their consumer reports, the responsibilities of users of consumer reports, and the new Homebuyer Privacy Protection Act.
Additionally, fair lending has undergone dramatic changes under the new presidential administration and agency leadership. We will discuss recent changes to fair lending liability and supervision and proposed changes to Regulation B itself.
