- Credit Reporting Data Analytics Service Sheet
Credit Reporting Data Analytics Service Sheet
Consumer Financial Services
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6月 17, 2022
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Compliance with the Fair Credit Reporting Act (“FCRA”) remains a high-risk issue for financial institutions of all sizes and complexity levels due to increasing regulatory scrutiny and enforcement actions. To date, the Consumer Financial Protection Bureau (“CFPB”) has issued millions of dollars in fines associated with enforcement actions for non-compliance and emphasizes in a recent publication that “even a seemingly minor inaccuracy in a credit report can lead to a consumer being denied a loan, housing, or a job.”
As part of FTI Consulting’s suite of FCRA solutions, we offer EvaluData, a proprietary data analytics tool designed to assess the overall health of the Metro 2® furnishing file based on business rules and Metro 2® guidance. FTI’s proprietary EvaluData tool includes over 175 rules, including many that cover a variety of scenarios and can be configured to each furnisher’s reporting practices and portfolios.
FTI Consulting’s Regulatory Expertise
FTI Consulting’s Financial Services team effectively addresses regulatory compliance challenges, examinations and enforcement actions to help clients mitigate and manage risk, ensure compliance and resolve regulatory inquiries.
FTI Consulting's professionals have assisted over 30 financial institutions in assessing and enhancing credit reporting practices including furnishing, disputes, systems and associated policies and procedures, and our work has been used to defend regulatory examination findings and enforcement actions.
We work diligently to help clients avoid unwanted regulatory scrutiny or resolve identified compliance gaps and perform remediation in an efficient and timely manner.
出版
6月 17, 2022
主な連絡先
Senior Managing Director, Leader of Financial Services
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