Fair Credit Reporting Act (FCRA) for Compliance Professionals



The purpose of this course is to provide students with detailed understanding of the Fair Credit Reporting Act which prescribes the uses and limitation of consumer reports, responsibilities of users and employers in credit and deposit transactions, and requirements for parties providing information to consumer reporting agencies.

Students will learn through a combination of instructor videos, exercises, readings, glossaries, self-assessments and more. Students will complete each course with a final exam to earn Certified Regulatory Compliance Manager (CRCM) credits.

Audience: Compliance professionals including compliance managers, officers, and other compliance team members whose primary role is within the compliance function at their financial institution; bank examiners, bank regulators, auditors and lending compliance professionals.

Learning Objectives: After completing this course, students will gain a fundamental understanding of UDAAP, and learn how to:

  • Examine consumer reports and how their use is limited
  • Describe the bank’s responsibilities as a user of consumer reports
  • Explore other ways the Fair Credit Reporting Act impacts a bank’s operations