Find Out Where You Stand

We’ve developed a new 1-Minute Self-Audit covering key Credit Reporting/FCRA Compliance processes that can help you quickly identify where improvements may be needed to meet heightened regulatory requirements. Complete the self-audit now to see where you stand.

Check box if you meet the requirement

Does your organization have a formal process to conduct reviews prior to transmission of credit reporting files to the CRAs?

Does your organization have a formal process to review the reject & error reports from the CRAs every month and other applicable internal reports to ensure any corrections required are made promptly?

Do you have any automated tools or solutions to review furnishing data across your enterprise and drill down to both the rule and account level to ensure compliance with credit reporting (e.g., Metro 2®) reporting requirements?

If yes, do your automated tools or solutions compare month-over-month credit reporting data to see where values do not conform to reporting requirements, and where fields contain illogical progressions?

Do you formally conduct root-cause analysis of these credit reporting corrections to examine if the identified issue(s) are impacting a larger number of customers?

Are you including credit reporting as part of regression testing when you make changes to the systems that produce your credit reporting furnishing files?

Have you examined upstream operational processes that can affect credit reporting furnishing accuracy (e.g., id theft, bankruptcy, repossession, forbearance, charge-off)?

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Want to know more about where you stand? Book a free 30-minute consultation with our Credit Reporting & FCRA Compliance Experts to review your results today.