The Fair Credit Reporting Act (FCRA) isn’t just for lending – it plays a critical role in deposit operations too! If you’re not paying attention, hidden FCRA traps can grind your processes to a halt. From new account screening to adverse action notices and reporting to consumer agencies, this session will help you tighten the bolts and eliminate friction in your compliance engine.

In this session, we’ll break down what’s required, what’s risky, and what’s often overlooked – so your financial institution stays on track. You will learn how to: 

• Pinpoint key FCRA pressure points within your deposit operations process, (yes, it’s in more places than you think),  including account opening, consumer reporting and data sharing – areas where regulatory misalignment can stall operational efficiency,
  
  
• Tune-up your compliance program for consumer report usage by verifying permissible purpose, calibrating screening workflows, and triggering adverse action notices appropriately,
  
  
• Maintain data integrity and smooth workflows by adhering to furnisher obligations, ensuring accurate reporting, effective dispute management, and a closed-loop correction process with consumer reporting agencies (e.g., ChexSystems),
  
  
• Configure prescreening and affiliate marketing practices to comply with FCRA constraints, avoiding unauthorized data flow and mitigating regulatory risks,
  
  
• Integrate FCRA-driven controls into broader risk systems, including Red Flags Identity Theft prevention programs and secure disposal protocols, to maintain end-to-end compliance across the operational lifecycle, and  
  
  
• Walk away with practical tips (and a few horror stories) that’ll make you the FCRA pro your ops team didn’t know they needed.