Collection agencies were required to remove or not report medical accounts reported as paid by insurance or being paid by insurance if the accounts were eventually paid in full. The consumer data industry association cdia is the voice of the consumer reporting industry, representing consumer reporting agencies including the nationwide credit bureaus. Consumer data industry association cdia metro 2 task force, responsible for developing, maintaining and enhancing the industrystandard reporting format, and training its users. In the image below, the fields in the base segment are partitioned and identified. To view the entire metro 2 announcement, please click here. Tronlike world of the metro 2 reporting guidelines contained in the cdia s credit reporting resource guide. Metro 2 formatting preparation and conversion assistance experians data. It is designed to help data contributors ensure they are providing accurate, quality consumer credit information and complying with. The credit reporting resource guide crrg was created by the consumer data industry association cdia to assist data providers with reporting credit information to the credit bureaus. Programming standards file format character format record size 426 alphanumeric characters or bytes. It facilitates complete and greater accuracy of reporting of data and provides the following.
Metro 2 credit reporting software, metro 2 format layout. The consumer data industry association cdia is issuing. The fair credit reporting act and the equal credit opportunity act require that each provider of credit information takes prudent steps to ensure that complete and accurate information be provided to credit repositories. In an effort to accomplish that, the credit repositories have agreed upon a standard for reporting called the metro 2 format.
The matching process by which the ncras assign incoming trade line data to. Cdia application guide 5 cdia support application procedures cdia support will always be based on a demand. In light of these possible issues the consumer data industry association cdia is reissuing guidance to remind data furnishers how they can help their customers who find themselves with financial issues due to natural disasters. With the publication of the new guidance on federal student loans, the metro 2 task force has started working on guidance for private student loans. The crrg contains detailed information regarding the metro 2 format. When reporting consumer data accounts via the metro 2 format remember to reference the following metro 2. It allows most accurate and complete information on consumers credit history. The metro 2 format was created in order to comply with 1996 amendments to present with the fair credit reporting act and is designed to allow reporting of the most accurate and complete information for a consumers current month, which may include previous history control information upon the account opening and closing periods. These events are given by representatives from equifax, experian, innovis, and transunion. Metro 2 is a data specification created by the consumer data industry association for credit reporting data furnishers who are members of the credit bureau with a data furnishing service agreement to report consumers credit history information to major credit bureaus electronically and in a standardized format. The consumer data industry association cdia provides the definitions that go along with metro 2 language. To help you stay ahead of the curve, these events provide. Cdia and the metro 2 format task force has webinars in may and june. When data files are received, the ncras also perform quality.
Actually, this is one long string of data in the reporting file. February 17th 18th, 2016 tempe, az 2 day denotes required field mr. Business requirements provides one file layout to be used for reporting accurate, complete and timely consumer credit information complies with legislative requirements reduces manual corrections. It meets all the requirements of the fair credit reporting act fcra, the fair credit billing act fcba, and the equal credit opportunity act ecoa.
Copy of credit reporting resource guide id like to obtain a copy of the metro 2, item e395 credit reporting resource guide distributed by the cdia. In the mid1970s, the credit reporting industry developed the metro format, which was designed to ensure greater precision in the data reported to the cras. Metro 2 format is the current standard format for reporting credit. Manual account entry or data import features for importing your accounts from. Where do i go if i have questions regarding the required cdia metro 2 format. One of the goalsbenefits that should be derived from using a standard format should enable banks to comply with the fair credit reporting act fcra and the equal credit opportunity act ecoa. Gather the tools you need to better understand the metro 2. Report to congress on the fair credit reporting act. Metro ii reporting for other products like mortgage loans, lease and line, cdia 2015 upgrade if any for those products will be addressed in the subsequent release of this documentation. If you want to report consumer or commercial credit to the bureaus, youll want to learn more about metro 2. It describes the metro 2 file formatting, codes, rules and reporting procedures for companies reporting consumer credit history to the national credit bureaus. How should an account be reported when the consumer is affected by a natural or declared disaster. The consumer data industry association offers comprehensive training, including classes on the metro 2 format, fcra certification, and data security awareness training. Consumer data industry association 1090 vermont ave.
The intersection of the fair credit reporting act and the. Equifax, experian, transunion, innovis and others using the metro 2 format as specified in the credit reporting resource. Created by the consumer data industry association cdia, metro 2 is a standard electronic reporting format that data furnishers must adhere to when submitting consumer credit information to the credit bureaus. Cdias educational materials are the most authoritative source of information on reporting using the metro 2 format.
In her most recent role, julie created a formal enterprisewide data standards and governance team, responsible for identifying and resolving data related. Metro 2 credit reporting software frequently asked questions. Data reporting data reporting good credit is a valuable asset in todays economy, and data reporting is a highly effective tool for managing collections and building credit. The metro 2 announcement below is a reminder to all data furnishers that there is specific guidance available for furnishers who report information about. What format do i currently use to report to the credit reporting company. Introduction focus of todays discussion is on complete. Recently, federal regulators have placed an increased emphasis on the completeness and accuracy of the data being transmitted to the major cras and data being published by the each of the cras. Cdia s educational materials are the most authoritative source of information on reporting using the metro 2 format. Metro 2, eoscar and the new fcracfpb compliance requirements duration. The consumer data industry association cdia is publishing new, updated reporting guidance for data furnishers of federal student loans. If your company furnishes consumer credit account data on a regular basis to credit reporting agencies, you have. But to get an idea of how it works, you can imagine that in order to tell a credit bureau about the status of a loan, you would need a code that the bureau will understand. The metro 2 format is the industry standard file format for reporting consumer credit information.
In the united states court of appeals for the ninth circuit. Metro 2 format for consumer and commercial credit reporting. The credit reporting resource guide crrg was created by the consumer data industry association cdia to assist data furnishers with reporting credit information to the credit reporting companies. However, only cities for which there is in the view of the cmt a strong likelihood that they can meet eligibility and qualifying criteria will be encouraged to apply. Any person using the crrg, the metro 2 format, or information from the metro 2 task force concerning the metro 2 format. Industry standard for reporting account delinquency 22. Access to the metro 2 format is limited to employees of a companies that furnish data to consumer reporting agencies in either the metrotm or metro 2 format, b data processors who furnish data to consumer reporting agencies in either the metrotm or metro 2 format, c software vendors who provide metrotm or metro 2 programming software, d consumer reporting agencies that accept. It meets all the requirements of the fair credit reporting act fcra, the fair credit billing act fcba, and the equal credit. Data reporting data reporting good credit is a valuable asset in todays economy, and data reporting is a highly effective tool for managing collections and. Tronlike world of the metro2 reporting guidelines contained in the cdias credit reporting resource guide. Metro 2 formatting solution metro 2 compliance experian. For all types of industries, credit manager is designed to accurately report consumer debtor and commercial trade lines to the major credit repositories. Metro 2 credit reporting software for reporting trade lines to equifax, experian. The metro2 format was developed by consumer data industry association cdia to replace the metro format which was developed in the late 1970s.
In the future, you will just need to log in to your cdia online account and click metro 2 access under the cdia section of your cdia online account homepage to access the metro 2 format documents. This format was created in 1997 by the consumer data industry association cdia. The cdia is providing great resources you can access to help answer your. In the image below, the fields in the header record are partitioned and identified. It provides the codes for compliance with all requirements of the fair credit billing act fcba, fair credit reporting act fcra, equal credit opportunity act ecoa and all applicable state laws. Field field name required max lengt h 16 automatically generated by credit manager cm 7 consumer account number y 30 8 portfolio type y 1 9 account type y 2. The metro 2 format was developed by consumer data industry association cdia to replace the metro format which was developed in the late 1970s. The metro 2 format layout was developed by consumer data industry association cdia to replace the metro format which was developed in the late 1970s. Based on what you learn, you may identify changes or enhancements needed for your existing metro 2 program. What is the metro 2 credit reporting resource guide. The credit reporting resource guide crrg was created by the consumer data industry association cdia.
Gather the tools you need to better understand the metro 2 guidelines and report data to consumer reporting agencies properly. Today, even in the absence of finalizing the details of this npr, the nationwide consumer reporting agencies receive more than 81% of all data via the metro 2 format. Cdia issues new, updated reporting guidance for federal. The cras will no longer include medical debts identified and furnished by collection agencies when the date of the first delinquency is less than 180 days before the day the account was reported to the cras. When data files are received, the ncras also perform quality checks prior to adding the data to credit files.
The metro 2 elearning system is an indispensable companion resource that reinforces the information contained in. For many years, data reporting has been a successful tool companies use to promote timely bill payments from consumers. The guides main purpose is to make consumer credit reporting fair and accurate. The credit reporting resource guide is a valuable, easyreference resource that includes the entire metro 2 format. To develop this updated guidance for the federal student loan reporting process, cdia worked with the student loan servicing alliance slsa and others involved in the student loan industry. Metro 2 format credit reporting software for reporting consumer or debtor credit to credit bureaus, equifax, experian, innovis and trans union using our credit time 2000 metro 2 credit reporting software. Trade association representing cras to federal and state legislators and media sets industry reporting guidelines, and educates members former primary regulator of cras most authority transferred to cfpb in mid2010 under the doddfrank wall street reform and consumer protection act. An important part of this new guidance is to enhance consistent procedures for metro 2. Cdia education services offers easyreference publications to help you navigate todays increasingly complex regulatory environment.
Comments of the consumer data industry association. Industry standard for reporting account delinquency 2 2. The consumer data industry association cdia provides the definitions that go along with metro 2. The metro 2 format layout is described in the metro 2 credit reporting resource guide. It also identifies the credit bureau the file has been produced for and the reporting date. The consumer data industry association offers comprehensive training, including classes on the metro 2 format, fcra certification, and data security. If cdia recognizes your login as a metro 2 approved user you will be directed to the metro 2 access agreement page.
Jul 20, 2017 the metro 2 format is explained in great detail in a book called metro 2 credit reporting resource guide crrg available from the cdia online. Metro 2 credit reporting software, metro 2 format the service bureau. Compliance guidelines presented by the cdia metro 2 format task force equifax, experian, innovis, transunion 2015, consumer data industry association. Forbearance is a period of time during repayment in which a borrower is. The metro2 format created by the consumer data industry association cdia in 1997. Contact information for the credit reporting agencies. Metro 2 credit reporting guidelines new fcra compliance. The credit reporting resource guide including the metro 2. The cras are required to instruct collection agencies on the use of special codes introduced in the metro 2 reporting format. Credit manager metro 2 credit reporting software system is the industry leader for credit reporting software. Accounts associated consumer backup bureau errors closed accounts collection agencies date of last payment date opened eoscar equifax data breach experian glossay guideline changes header activity date header record j1 segment j2 segment metric report metro 2 format metro 2 formatting metro 2 header record metro 2 news metro 2. Due to the recent government shut down many government employees are not being paid due to lack of funding. Only data furnishers and credit reporting service companies like datalinx can use it. This guide is created and maintained by the cdia online.