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Kayla Todd

Fair Credit Reporting Act (FCRA): Explanation of Compliance

Published June 14th, 2022 by Kayla Todd

Introduction The goal of this article is to give readers an explanation of the Fair Credit Reporting Act (FCRA) requirements. The FCRA is a regulation created with the goal of placing controls on the fairness and accuracy of credit reporting. Initially, the regulation pertained mainly to Consumer Reporting Agencies (CRAs), but it has since been expa

3612 Views 20 min

Fair Debt Collection Practices Act (FDCPA): Explanation of Compliance

Published June 14th, 2022 by Kayla Todd

Complexity:       Audience: Upper Management, Accounting, Administrators, Compliance Introduction The Fair Debt Collection Practice Act (FDCPA), or Regulation F, is a federal regulation intended to protect consumers from abusive practices by debt collectors and to ensure there are rules in place to promote consistency for debt collection practices.

2722 Views 8 min

Gramm-Leach-Bliley Act (GLBA): Explanation of Compliance

Published June 14th, 2022 by Kayla Todd

Introduction The GLBA applies to any financial institution, meaning any business that is “significantly engaged” in financial activities. Section 4(k) of the Bank Holding Company Act describes what is considered a “financial activity.” Even if a business isn’t considered a financial institution, the Act placed limits on the use of nonpublic personal

5177 Views 14 min
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