The beginning of Credit Bureau Compliance automation is here! For those of you lacking Metro 2® expertise or staffing to perform ongoing monthly accuracy and integrity audits, the NEW automated Metro 2® criteria audit tool is what you have been waiting for!
In addition to the automated Metro 2® criteria audit tool, CBSC can also provide the following Credit Bureau Compliance program development and support:
- Our specialty is developing a comprehensive enterprise-wide Credit Bureau Compliance Program,
including mandatory policies and procedures, customized for your institution, its systems and products.
- Implement a multi-level compliance control program to monitor Metro 2® Credit Bureau Reporting, Disputes and Permissible Purpose compliance across all lines of business.
- Participate in or manage annual data reviews and audits provided by the bureaus
- Provide due diligence support to evaluate credit reporting risk before mergers, portfolio purchases or portfolio sales are completed.
- Administer all aspects of your credit bureau relationship including acting as liaison to the credit bureaus for changes, conversions and error correction.
- And much more!
Not reporting yet? CBSC can get you started on the right track – and keep you there!
The Metro 2® Format and the Consumer Reporting Reporting Rsource Guide® (CRRG®) are owned by the Consumer Data Industry Association® (CDIA®), www.cdiaonline.org. Credit Bureau Strategy Consulting, LLC is an independent entity which is not affiliated with CDIA®. Additionally, the CBSC M2E™ product is solely owned by Credit Bureau Strategy Consulting, LLC and has no affiliation with CDIA®.