Audio Conference - Effective Credit Reporting: Serving the Member and Avoiding the Landmines

Hosted by: Compliance Council

Date: Wednesday, July 12, 2017
Time: 10:00 a.m. - 11:30 a.m. Central

How well do you understand the credit reporting game? Access to reasonably priced credit is an essential element in every member’s economic life and no factor is more important than their credit score. But what happens if there is a mistake in the score and it’s your fault?

Federal regulations apply to every credit union that reports information on their members to a credit reporting agency and the fines and damages for improper reporting can be substantial. Throw privacy and bankruptcy into the mix and you have some real liabilities to address. Are you fully compliant with the requirements of data accuracy and process integrity? Are you utilizing e-Oscar® to its fullest? Join this session and add some efficiency to this long invisible operational area!

This session will cover:

  • Conducting a Credit Reporting Inventory
  • Understanding the Data Reporting Requirements
  • Excelling with e-Oscar®

You’ll receive:

  • Credit Reporting Inventory Checklist

Who Should Attend?

Executives, senior managers, department managers, project managers, and anyone involved in the credit reporting function.

Registration

Compliance Council Members $25
Non-Members
(includes 2017 Compliance Council membership)
$50

Register

Presenter - David A. Reed

David ReedAttorney, author, consultant and nationally recognized speaker, David A. Reed is a partner in the law firm of Reed and Jolly, PLLC and founder of CUDoctor, a full service credit union consulting practice.  Through Reed & Jolly, Mr. Reed provides guidance to credit unions concerning a variety of matters including the establishment and revision of credit union policies and procedures, organizational compliance, collections, security, contractual agreements, regulatory matters and corporate governance.  His engaging speaking style has garnered him status as a regular lecturer nationwide on topics such as regulatory compliance, consumer lending, bankruptcy and collections.  And, he offers facilitation services and a full range of on-site training programs that can be delivered to the Board, executive team, managers or frontline staff.

A former trial attorney and Vice President and General Counsel of a large credit union, Mr. Reed is particularly noted as an expert in the areas of credit union operations, bankruptcy and collections.  He has been selected to train NCUA Field Examination and Audit Staff on numerous issues including ID Theft Red Flags, S.A.F.E. Act, Third Party Contract Management and Bankruptcy matters.  He also serves as editor of several industry manuals including Practical Guide to Bankruptcy:  Protecting the Bank Against Bankruptcy-Related Losses; Collections Manual for Credit Unions; Debt Collection Manual:  Regulations, Law and Best Practices; and Bankruptcy Guide for Credit Unions.

Mr. Reed received his undergraduate degree from Virginia Tech in 1986 and his Juris Doctorate from George Mason University School of Law in 1989.  He is a Certified Compliance Officer.  He resides in Fairfax, Virginia with his wife Diane and their twin daughters.
 

For questions about this audio conference or the council program, please contact Cristina Martinez at cmartinez@cornerstoneleague.coop or 800-442-5762 ext. 6403.