Everything You Need to Know About Credit Reports but Were Afraid to Ask
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Consumer credit is a heavily regulated area, and it is easy for dealers to get tripped up. Noted consumer credit lawyer Randy Henrick will help dealers understand the processes and explain the requirements to operate in compliance with various consumer credit laws and regulations.
Some of the questions Randy will answer, include:
What’s a credit report and what types of credit reports exist?
What’s the difference between credit report “hard pulls” and “soft pulls”?
What’s the difference between preapproved and prequalified?
When should you send an adverse action notice?
What is a credit score disclosure notice and when must you send or give one to a consumer
What are the fines and penalties for non-compliance with credit-related laws?
Presenter:
Randy Henrick, Esq., Randy Henrick & Associates
Moderator:
Susan J. Bieber, Esq., Vice President – Dealer Service, GNYADA
About Randy Henrick & Associates:
Randy Henrick is a leading expert in federal consumer credit, privacy, and automotive compliance law and regulations. He consults from the offices of Randy Henrick & Associates in Middletown, Delaware and is admitted to legal practice in New York. He conducts dealer compliance audits, writes and reviews policies including Safeguards policies, and assists dealers in Attorney General and FTC examinations and enforcement. Randy served for 12 years as Dealertrack's Regulatory and Compliance Counsel, wrote all Dealertrack Compliance Guides while there, and was a leader in establishing the Dealertrack Compliance product as an industry leader. He can be reached at AutoDealerCompliance@gmail.com.
