Whitepapers & eBooks

Data Furnisher Guidebook

Issue link: https://resources.datadrivenmarketing.equifax.com/i/861554

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Page 7 of 7

Guidebook for Prospective Data Furnishers 8 Best Practices Ensuring data quality is an ongoing team effort that requires active participation from the data furnisher and Equifax. With that in mind, we have come up with a list of things your organization can do to help ensure the information you report to Equifax is complete and accurate: Participate in the FCRA/FACT Act Certificate Programs offered by the Consumer Data Industry Association ("CDIA"), our trade association. Click here to learn more about these various programs. Familiarize yourself with the entire contents of the Credit Reporting Resource Guide, and adhere to the standards and best practices described. Ensure that you and your staff only refer to the most current version of the Credit Reporting Resource Guide. Revisions are published annually, usually around the 3rd or 4th Quarter. Participate in Metro 2 ® workshops and web seminars. Click here to find out more about upcoming workshops. Complete the Metro 2 ® e-learning course. Click here to find out more. Establish Fact Act Red Flag and Section 312 programs, if you have not done so already. Ensure that individuals who have access to e-OSCAR are trained and regularly audited. Click here or here for more information. Periodically audit prior reports and corrections using Automated Data View™. Notify your Data Analyst in advance of account number, software, core moves, or format/layout changes. Notify your Data Analyst in advance of mergers and divestitures. Notify your Data Analyst with new or updated data reporting contacts. Please note: This list is not exhaustive or intended to be legal advice. If you have any questions regarding your company's compliance, we strongly recommend that you seek the guidance of your Compliance Officer or legal counsel. Copyright © 2016, Equifax Inc., Atlanta, Georgia. All rights reserved. Equifax and EFX are registered trademarks of Equifax Inc. Credit Reporting Resource Guide ® , CRRG ® , and Metro 2 ® are registered trademarks of the Consumer Data Industry Association. e-OSCAR ® and the Electronic Solution for Complete and Accurate Reporting ® are registered trademarks of Online Data Exchange LLC. 16-1115

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