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Furnishing data to the credit reporting agencies? Recent Federal Trade Commission (FTC) and Consumer Financial Protection Bureau (CFPB) activity reflect an increase in scrutiny of companies that supply or “furnish” information to consumer reporting agencies (CRAs) as required by the Fair Credit Reporting Act (FCRA). Data furnishers including merchants, debt collectors, and lenders can reduce supervision and enforcement risk by avoiding the common mistakes the FTC and CFPB have identified in their recent enforcement announcements. Hear from attorneys who are in the trenches defending companies in CFPB and FTC investigations and CFPB examinations.
Key Takeaways:
- Understand the FCRA Furnisher Rule;
- Lessons from recent FTC and CFPB enforcement actions;
- Compliance tips and best practices.
Speakers:
Jonathan L. Pompan, Esq., Partner and Co-Chair Consumer Financial Protection Bureau Task Force, Venable LLP
Andrew E. Bigart, Esq., Counsel, Venable LLP
Alexandra Megaris, Esq., Associate, Venable LLP