New Accounts Series: Adverse Action at Account Opening: Reporting & Documentation

A deposit account can be opened anytime, right? Not so fast! Sometimes a financial institution will refuse to open a deposit account because of information obtained from a credit reporting agency or checking account screening company. This fast-paced webinar will describe how to handle such a situation and explain when the FCRA and/or the ECOA come into play.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

• Determine when an adverse action notice is required if your financial institution refuses to open a new deposit account
• Explain situations when the FCRA and/or the ECOA apply to deposit accounts
• Distinguish between the adverse action notices under the FCRA and under the ECOA
• Know how to exempt your financial institution from sending adverse action notices
• Create a standard notice to use when your financial institution refuses to open a deposit account

For more information or to register CLICK HERE