FCRA: Risk Based Pricing

This FCRA: Risk-Based Pricing online training course explores risk-based pricing in the area of consumer lending. The Fair Credit Reporting Act requires banks to provide various disclosures when a consumer report is used, in whole or in part, in connection with an application for credit, or a grant, extension, or other provision of credit to a consumer for personal, family, or household purposes. This part of the regulation is known as Risk-Based Pricing. The regulation states when a notice must be provided, to whom, and what must be included.

This course will provide you with the details of the various notice options and methods to comply with the regulation as well as the content required to be contained within each notice.

Course Learning Objectives

By taking this online FCRA: Risk Based Pricing course, the user will learn:

• Understand the various methods banks may choose when applying the risk-based pricing disclosure rules under the Fair Credit Reporting Act
• Ensure the appropriate consumers receive the appropriate disclosure
• Understand the content, form, and timing requirements of risk-based pricing disclosure notices

Course Outline

This online FCRA: Risk-Based Pricing course is made up of the following sections:

1. Credit Score Exception Notice
2. Risk-Based Pricing Notice Applicability
3. Risk-Based Pricing Notice Methods
4. Credit Score Proxy Method
5. Tiered Pricing Method
6. Application to Credit Card Issuers
7. Timing and Content of Risk-Based Pricing Notices
8. Account Review
9. Multiple Credit Scores
10. Multiple Borrowers
11. Notice to Home Loan Applicant

Course Audience

This FCRA: Risk-Based Pricing online training course was designed for all consumer lending employees.

If you have any concerns as to whether this course is appropriate for you or your industry, please browse our full selection of online courses.