Taking an Adverse Action Under Applicable Federal Statutes

Learn more about what acts constitute an adverse action under ECOA and FCRA and the notices that are required

Available On-Demand until March 5, 2020

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Federal law requires that creditors provide notice of any adverse action taken when a consumer and/or business seeks an extension of credit. It’s also required to provide notice when taking an adverse action in relation to making a consumer’s employment decision, among several other scenarios. While certain compliance issues can cause concern, an understanding of the applicable requirements and properly implemented policies and procedures can help minimize a credit union’s potential exposure. 

This webinar will discuss the background requirements for disclosing an adverse action, issues related specifically to credit unions, and best practices for maintaining a compliant program.

Key Takeaways

  • Review adverse action requirements under ECOA and FCRA
  • Identify triggering events under ECOA, Reg. B and FCRA
  • Understand the types of disclosures that are required
  • Walk through best practices for implementing policies and procedures to maintain compliance
  • Learn how examiner training and secondary disclosure review help minimize process errors

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$295 Members | $395 Nonmembers
(Additional $50 for CD) 
One registration gives your entire credit union access to the on-demand recording until March 5, 2020.
Already registered? Go to the Online Training Center to view live.

Who Should Attend?

  • NAFCU Certified Compliance Officers (NCCOs)
  • NAFCU Certified Risk Managers (NCRMs)
  • Credit union CEOs, COOs, CFOs and executive management
  • Compliance staff
  • Risk managers and staff
  • Audit and legal staff
  • Lending, operations, and finance staff
  • Credit union counsel
  • Examiners
  • Open to all credit unions, regardless of membership or charter type!

Education Credits

  • NCCOs will receive 1.5 CEUs for participating in this webinar.
  • NCRMs will receive 1.5 CEUs for participating in this webinar.
  • CPA credit information is below; recommended 1.5 CPE credits.

CPA Certification Credit Information

  • Reviewer: Josie Collins, Education Manager, NAFCU
  • Learning Objectives: Review adverse action requirements under ECOA and FCRA. Identify triggering events under ECOA, Reg. B and FCRA. Understand the types of disclosures that are required. Walk through best practices for implementing policies and procedures to maintain compliance. Learn how examiner training and secondary disclosure review help minimize process errors.
  • Program Level: Basic
  • Prerequisites Needed: None
  • Advance Preparation Needed: None
  • Delivery Method: Group Internet-Based
  • Recommended CPE Credits: 1.5 credits
  • Recommended Field of Study: Regulatory Ethics - Technical

NASBA Sponsor Logo

National Association of Federal Credit Unions (NAFCU) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. Learn more.

About Our Webinars

Our webinars are streamed live from NAFCU headquarters near Washington, D.C. Your audio/video feed of the presenters includes presentation slides and downloadable handouts. You can easily submit your questions to the presenters at any time during the live broadcast, with no dialing over the phone! The audio and video stream directly through your computer.

About the Presenter

Benjamin Wills
Benjamin A. Wills

Associate, Kaufman & Canoles, P.C.