Educational Events : Virginia Association of Community Banks

Coming Events:

Program Title :	Implementing FACT Act Accuracy & Integrity Rules: Deadline July 1, 2010
Date :	Thursday, February 25th, 2010
Time :	3:00 - 4:30 PM Eastern Time
Download the Brochure.

About The Program :
The agencies (OCC, FRB, FDIC, OTS, NCUA, and FTC) have released final rules for FACTA Section 312. This section requires strict compliance for furnishers of consumer-credit information to National Credit Reporting Agencies. The new rules are designed to improve the accuracy and integrity of information, as well as provide consumers with the right to dispute credit information with the entity that furnished it (i.e., your bank). Will you be ready? The new rules are effective on July 1, 2010.

Topics Covered :

Why you are required to review your current policy and procedures for weaknesses
Establishing and implementing NEW policies and procedures consistent with the final rules
Why you must demonstrate periodic reviews of policies/procedures regarding changes to furnishing activities, or if deficiencies in data accuracy are discovered
Technology’s role when your bank furnishes and responds to disputes, and procedures that demonstrate effectiveness
Appropriate internal controls regarding the “accuracy and integrity” of consumer information
Consumer requirements for direct disputes
Bank requirements for direct disputes: conducting a reasonable investigation
Frivolous disputes – when it’s OK not to respond to a direct dispute and the steps to take
Providing proper training to your staff
Appropriate and effective oversight of service providers

About The Presenter : Greg Souther, Greg Souther Consulting & Seminars
Greg is President of Greg Souther Consulting & Seminars, a firm that provides training and consulting to businesses in the areas of Service & Communication; Credit & Collections; Fraud & Security; and Marketing & Sales. Previously, Greg was co–owner and President of The Credit Bureaus of Southeast Georgia, the parent company for six credit reporting and collection agencies based in Brunswick, Georgia. In addition, Greg is a former President of Associated Credit Bureaus of Georgia; a former President of Georgia Collectors Association; a former Dean, Trustee, and Instructor of Southern Management Institute; and previously a Certified Instructor for American Collectors Association, Inc. With over 25 years of training and speaking experience, Greg shares practical, "how to" advice that everyone can easily understand and use in their daily work environment.

Who Should Attend :
This informative training will be beneficial for staff members who deal with policy and procedures, credit reports, reporting to credit agencies, as well as, management, lenders, credit analysts, compliance officers, security officers, operations officers, and collectors.PLEASE NOTE: Your registration fee allows you to have one telephone connection. However, as many people as you like may listen from your office speaker phone. If you register for the webinar, your registration fee also includes one internet connection from a single computer terminal.

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Program : Implementing FACT Act Accuracy & Integrity Rules: Deadline July 1, 2010

Program Fees:

Live Webinar	................	VACB Member: $250 Non-Member: $500
On-Demand Webcast with CD	................	VACB Member: $250 Non-Member: $500
Live Webinar, on demand link and free CD	................	VACB Member: $275 Non-Member: $550

What is a Teleseminar / Webcast?

This training method allows unlimited listeners on your office speaker phone. By choosing the webcast option, participants will also be able to view online visuals as the presentation is delivered. Registrants receive a toll-free number and pass code that will allow entrance to the seminar. The session will be one hour and fifteen minutes in length with an additional fifteen minutes for questions and answers. Seminar materials will be sent prior to the broadcast along with hook up instructions. Your pin number, hookup instructions and handouts can be emailed to you or sent U.S. Mail. If you would like them emailed, you will need the most current version of Adobe Acrobat Reader, which is available for free at www.adobe.com. Registration is not complete without payment of fee. Upon payment of fee the hookup instructions will be forwarded to you for participation in our live Teleseminars / Webinars.