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Refresh Your Credit Reporting Fundamentals in CDIA Webinar Series Throughout October and November

CDIA webinar seriesThe virtual CDIA webinar series will cover credit reporting fundamentals and guidelines to ensure compliance and reinforce your learning, from Oct. 25-27 and Nov. 15-17. A registration discount is available for ACA members.

10/03/2022 8:45 A.M.

2 minute read

The Consumer Data Industry Association (CDIA) is hosting an interactive Metro 2® Format Advanced Workshop on credit reporting fundamentals, held virtually from 11 a.m. to 4:30 p.m. EDT each day Oct. 25-27 and Nov. 15-17.

Throughout this live interactive virtual workshop, the Metro 2 Task Force, comprised of representatives from Equifax, Experian, Innovis and TransUnion, will guide you through key Metro 2 reporting requirements.

A special coupon code for the series is available for ACA members; use “ACA10” at checkout to receive 10% off the regular registration price.

New this year, attendees will be able to attend a complimentary bonus session, e-OSCAR Update with Joel Strickland, where he will discuss a variety of topics about e-OSCAR, including an overview of services and offerings available, an update on e-OSCAR’s development roadmap, and what things the team is working on to make your job of responding to consumer credit disputes simpler.

Here are few sessions coming up during the virtual workshop:

Metro 2 Reporting Highlights

This session will help you stay current with the most pertinent and timely reporting requirements. Guided by conversations with furnishers throughout the year, representatives of the Metro 2 Task Force will discuss the most pressing topics for 2022 from across the reporting landscape, including the reordering of FAQs, credit reporting suppression, point of sale industry standards, and special comment code usage.

Logical Data Field Relationships

Test and demonstrate your understanding of Metro 2 as members of the Task Force walk you through complex data field combinations and scenarios to highlight impacts to accuracy and integrity. You will identify and/or correct illogical values for provided scenarios in this highly interactive session.

Compliance Condition Codes

This session will review the best practices for reporting direct consumer disputes using the compliance condition code field. Compliance condition codes are reported to reflect accounts closed at consumer’s request and direct consumer disputes under the Fair Credit Reporting Act, Federal Communications Bar Association and Fair Debt Collection Practices Act.

Additionally, CDIA’s 2022 Metro 2® Format Fundamentals Webinar Series is now available on-demand. Throughout this three-part webinar series, Debbie Seneway, a recognized leader in Metro 2 Format reporting, guides you through the comprehensive training on each of the Metro 2 fields using newly developed reporting scenarios to reinforce your learning.

Discussion Topics include:

  • Metro 2 Format Layouts and Reporting Standards
  • All Account Level Fields, including:
    • Date of Account Information
    • Account Status Code
    • Payment History Profile
    • Date of First Delinquency
    • Compliance Condition Codes
    • Special Comment Codes
  • Consumer Level Fields, including:
    • Identification Information
    • ECOA Codes
  • Additional important topics include:
    • Charge-offs
    • Paid/Settled Accounts
    • Account Number Changes
    • Industry Standards
    • Appendage Segments

To learn more about these events and to register, visit the CDIA website.

If you have executive leadership updates or other member news to share with ACA, contact our communications department at [email protected]. View our publications page for more information and our news submission guidelines here.

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