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Insights / events

Presentation

Credit Reporting in the Pandemic Era

Read Time: 1 min

Joe Apatov (Fort Lauderdale), Aaron Kouhoupt (Cleveland), and Gregg Stevens (Dallas) gave a client webinar on navigating credit reporting in the pandemic era and minimizing reputational, investigatory, and litigation risks on Wednesday, November 11, 2020.

The presentation focused on practical issues facing businesses operationally and called attention to what the CARES Act and FCRA do, as well as what they do NOT do, in application.

Insights

Deep Dive into Consumer Finance

When is it a Firm Offer of Credit?

June 17, 2021

Creditors often ask when the Fair Credit Reporting Act’s (FCRA) rules relating to firm offers of credit apply. Do they apply when the creditor makes a prequalified offer? Does that change if the creditor makes a prescreened or preapproved offer? What is the difference between these terms?! The answer comes down to two words – permissible purpose.

Deep Dive into Consumer Finance

Fair Credit Reporting Act: Policy Check In – Permissible Purpose

May 6, 2021

The FCRA governs actions of CRAs, users of consumer reports, and the parties that furnish information to the CRAs. A comprehensive FCRA Policy should be tailored to your entity and reflect how it will actually obtain, use, and share consumer reports, in enough detail to match the complexity of your operations.