Please join Troutman Sanders attorneys, David Anthony, David Gettings, Cindy Hanson, Alan Wingfield, and John Lynch for a Complimentary Webinar, “Credit Reporting and COVID-19: Guidance for Consumer Financial Service Companies Reporting Consumer Credit During the Pandemic” on Thursday, April 9, 2020 from 4:00 – 5:00 p.m. ET.

The coronavirus (COVID-19) is rapidly altering the legal and regulatory landscape in which consumer financial services businesses operate. The Federal government, States and consumer groups around the country are urging businesses to avoid reporting negative information for consumers impacted by COVID-19. Conversely, companies correctly realize they have an ongoing legal obligation to accurately report account information. Furthermore, the recently passed Coronavirus Aid, Relief, and Economic Security Act (CARES Act) makes changes to the Fair Credit Reporting Act (FCRA). In light of all this, businesses operating in the consumer financial services space are reasonably questioning how to properly report account information during the pandemic.

To help make sense of it all, this webinar will discuss some of the key developments in the credit reporting space and their impact on consumer financial services businesses. Specifically, this webinar will discuss:

  • How the CARES Act impacts credit reporting on consumers impacted by COVID-19
  • The regulatory relief proposed by the CFPB for furnishers of information to consumer reporting agencies
  • The CDIA’s COVID-19 related guidance
  • Disaster reporting
  • Forbearance reporting
  • Bankruptcy reporting

• Key state actions regarding credit reporting during COVID-19