To register, go to http://www.bankersed.com/lba/telephone.asp.

Seminar Code:  SW2-1249
CE Applied:  2.5 hours CRCM/CLBB/CCSR

On July 1 the Agencies published final rules to implement the accuracy and integrity and direct dispute provisions in section 312 of the FACT Act. This program contains core knowledge all banks need to implement the new rules.

On July 1, 2009 the OCC, Federal Reserve,FDIC, OTS, NCUA, and FTC (Agencies) published final rules to implement the accuracy and integrity and direct dispute provisions in section 312 of the Fair and Accurate Credit Transactions Act of 2003 (FACT Act). The final rules:

• Implement the requirement that the Agencies issue guidelines for use by furnishers regarding the accuracy and integrity of the information about consumers that they furnish to consumer reporting agencies (CRAs);
• Prescribe regulations requiring furnishers to establish reasonable policies and procedures for implementing the guidelines; and
• Implement the requirement that the Agencies issue regulations identifying the circumstances under which a furnisher must reinvestigate disputes about the accuracy of information contained in a consumer report based on a direct request from a consumer.

A "furnisher" includes an entity that furnishes information relating to consumers to one or more consumer reporting agencies for inclusion in a consumer report. The new rules are effective July 1, 2010.

Why Participate?
This program contains core knowledge all banks need to implement the new FACT Act Accuracy and Integrity rules. 

Highlights

• The meaning of the terms "accuracy" and "integrity."
• The policies and procedures that each furnisher must establish and implement regarding the accuracy and integrity of the information relating to consumers that it furnishes to a consumer reporting agency.
• When and how to conduct a reasonable investigation of a direct dispute. The term "direct dispute" means a dispute submitted directly to a furnisher by a consumer concerning the accuracy of any information contained in a consumer report and pertaining to an account or other relationship that the furnisher has or had with the consumer.
• The required content of a direct dispute notice.
• Frivolous or irrelevant disputes and how such disputes must be handled.
• The Interagency Guidelines.

Speaker
Jack Holzknecht, a principal with Pegasus Educational Services, LLC, has provided training to thousands of bankers and examiners for 27 years. Jack’s career began as a federal bank examiner.  He also headed the form and software division of a regional consulting company and spent 7 years in charge of their education division.  He also developed and delivered training for the FDIC and OTS.

Audience
Operations officers, compliance officers, auditors and others who must comply with the new FACT Act Accuracy and Integrity rules. 

CE Awarded:  2 hrs. w/the Texas State Board of Public Accountancy
CE Applied: 2.5 hrs. CRCM/CLBB/CCSR w/the Institute of Certified Bankers

What is a Webinar?
A Webinar is an enhanced telephone seminar. The audio portion is delivered by speaker phone; however, you may now view a corresponding PowerPoint presentation using a PC or PC connected to an A/V projector. No special hardware is needed. The program consists of 90 minutes of instruction and 30 minutes Q&A. Each registration provides 1 connection to the webinar, materials and 30 days access to the 30-Day Replay. You may have unlimited listeners on your connection by speaker phone and PC. You will receive a confirmation with your PIN, materials and instructions.  If you do not receive a confirmation within 2 days of the event call 888-262-7701. You may also purchase the CD and materials.

Free 30-Day Replay - Within 5 working days after the broadcast, you will receive a URL providing unlimited access to a recorded copy of the webinar for 30 days.

Transmission, retransmission or republishing of the webinar is prohibited. Your registration entitles you to 1 connection at 1 location with permission to copy materials for participants. Please complete one registration per location. 

Preferred Payment Method: Online or e-Check
Payment Must Accompany Registration - Invoices are Not Provided

Four Ways to Register
Online: go to http://www.bankersed.com/lba/telephone.asp.
Fax: Fax completed form with credit card information to 512-381-1571
Mail: Mail completed form with check to Bankers Ed, 5700 S. Mopac, #C310, Austin,  TX 78749 at least 10 days prior to the event
Phone: Call Bankers Ed at 888-262-7701

Late Registration: Please register online when registering 2 days prior to the event (credit cards & e-Checks accepted). Call 888-262-7701 for assistance.