BEGIN: VCALENDAR
VERSION: 2.1
BEGIN: VEVENT
DTSTART: 20130320T190000Z
DTEND: 20130320T203000Z
SUMMARY: Fair Credit Reporting & FACT Act Risk-Based Pricing Notices: Clarifying the Confusion
LOCATION: Your Credit Union


Oklahoma City, Oklahoma
 - Credit Union Association of Oklahoma: http://www.oklahomacreditunions.coop
UID: 1154
DESCRIPTION;ENCODING=QUOTED-PRINTABLE: Date: March 20, 2013 =0D=0A=0D=0ATime: 2:00 PM- 3:30 PM CST =0D=0A=0D=0AAbout:  =0D=0A=0D=0AThe Fair and Accurate Credit Transactions Act (FACT Act) amended the Fair Credit Reporting Act to mandate the use of risk-based pricing notices for consumers.  The Dodd-Frank Act further amended the Fair Credit Reporting Act to require disclosure of consumers’ actual credit scores and related information if a credit score is used when taking adverse action or setting credit terms.  As a general rule, a credit union must provide risk-based pricing notices to consumers when the credit union, based on a consumer credit report, either denies credit or extends credit on terms that are materially less favorable than the terms the credit union extends to other consumers.   =0D=0A=0D=0A =0D=0A=0D=0AHowever, there are important exceptions to this general rule and the notice timing requirements vary depending on the specific type of credit.  This webinar will clarify situations where the credit union is required to:  1) provide (and is prohibited from providing) these notices and 2) disclose (and is prohibited from disclosing) the consumer’s credit score.  This program will clarify notice timing requirements for specific types of consumer credit and review specific model notices for each.  Join us to learn the answers to all of your questions on these reporting requirements. =0D=0A=0D=0A =0D=0A=0D=0A      Highlights =0D=0A=0D=0A     > Overview of risk-based pricing requirements, including a comparison between Reg V and Reg B notices =0D=0A=0D=0A     > If the credit score isn’t used to make or deny a loan, should the credit score be included in the adverse action notice? =0D=0A=0D=0A     > What if you pull a credit report, but don’t use the consumer’s credit score in setting credit terms? =0D=0A=0D=0A     > How can you prove to examiners that the credit score wasn’t considered in making the credit decision? =0D=0A=0D=0A     > Is a risk-based pricing notice required if all consumers are charged the same rate for a specific loan type? =0D=0A=0D=0A     > What if there are multiple debtors or multiple credit scores are used? =0D=0A=0D=0A     > What if the consumer has no credit score? =0D=0A=0D=0A     > Can you use the credit score of a guarantor or co-signer? =0D=0A=0D=0A     > How do you determine the range of credit scores that must be disclosed in the risk-based pricing notice? =0D=0A=0D=0A     > TAKE-AWAY TOOLKIT =0D=0A=0D=0A          - A copy of each model risk-based pricing notice  =0D=0A=0D=0A          - A guide for when each model notice should be used =0D=0A=0D=0A =0D=0A=0D=0ANote: Attendance verification for CE credits provided upon request. =0D=0A=0D=0A =0D=0A=0D=0A =0D=0A=0D=0A =0D=0A=0D=0A =0D=0A=0D=0A =0D=0A=0D=0A =0D=0A=0D=0ARegistration Options: =0D=0A=0D=0A =0D=0A=0D=0ALive Webinar- $200  =0D=0A=0D=0AThe LIVE WEBINAR option allows you to have one =0D=0A=0D=0Atelephone connection for the audio portion and one Internet connection =0D=0A=0D=0A(from a single computer terminal) to view online visuals as the =0D=0A=0D=0Apresentation is delivered.  You may have as many people as you like =0D=0A=0D=0Alisten from your office speaker phone.  Registrants receive a toll-free =0D=0A=0D=0Anumber and pass code that will allow entrance to the seminar. The =0D=0A=0D=0Asession will be approximately 90 minutes, including question and answer =0D=0A=0D=0Asessions.  Seminar materials, including instructions, pin number, and =0D=0A=0D=0Ahandouts will be emailed to you prior to the broadcast.  You will need =0D=0A=0D=0Athe most current version of Adobe Reader available free at www.adobe.com. =0D=0A=0D=0A =0D=0A=0D=0AOn Demand Web Link & CD- $200 =0D=0A=0D=0ACan’t attend the live webinar?  The ON-DEMAND WEB LINK =0D=0A=0D=0Ais a recording of the live event including audio, visuals, and =0D=0A=0D=0Ahandouts.  We even provide the presenter’s email address so you may ask =0D=0A=0D=0Afollow-up questions.  Approximately 1 week prior to the webinar, you =0D=0A=0D=0Awill receive an email with the web link.  This web link can be viewed =0D=0A=0D=0Aanytime 24/7, beginning 6 business days AFTER the webinar and will =0D=0A=0D=0Aexpire 6 months after the live program date.  But there's more . . . AS =0D=0A=0D=0AAN ADDED BONUS, you will also receive a FREE audio/visual CD ROM.*  The =0D=0A=0D=0ACD ROM includes the original audio/visual presentation, the question and =0D=0A=0D=0Aanswer sessions, and the handouts.  Use the on-demand link or this =0D=0A=0D=0A“off-the-shelf” training program for those that could not attend the =0D=0A=0D=0Alive seminar and for future training. =0D=0A=0D=0A =0D=0A=0D=0ALive Webinar & On-Demand Web Link (INCLUDES FREE CD-ROM)- $250 =0D=0A=0D=0AIncludes options 1 and 2 above =0D=0A=0D=0ASpecial Registration Option for member credit unions under $20 million-$169 =0D=0A=0D=0AOn-demand link only (does not include CD or live webinar) =0D=0A=0D=0A =0D=0A=0D=0A =0D=0A=0D=0A*To register for this webinar, click here.  =0D=0A=0D=0A =0D=0A=0D=0AFor more information, please contact Carrie Buchholz at:  =0D=0A=0D=0A(P) 405.702.8622 ext. 215 =0D=0A=0D=0A(E) carrie@cuaok.org 
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