Meeting Metro 2® standards–the current format for reporting credit–can help financial institutions, particularly those with more than $10 billion in assets that tend to come under the scrutiny of the Federal Consumer Financial Protection Bureau, become proactive rather than reactive in ensuring the accuracy of their data. Instead of throwing limited resources at scattershot data monitoring, best practices dictate that institutions staff up and correctly see providing accurate data as a revenue generator, not a cost center.
See how Experian's DataArc 360™ software represents a comprehensive solution to keeping data, like reported balances, accurate and compliant with Metro 2& standards.
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