In an effort to protect the privacy of consumer information and reduce the risk of fraud and identity theft, a federal rule is requires businesses to take appropriate measures to dispose of sensitive information derived from consumer reports. Any business or individual who uses a consumer report for...
Does your business use consumer reports or credit reports to evaluate customers’ creditworthiness? Do you consult reports when evaluating applications for jobs, leases, or insurance? Here's information about your responsibilities under the Fair Credit Reporting Act and other laws when using, reporting, and disposing of information in those reports.
Resources
What Employment Background Screening Companies Need to Know About the Fair Credit Reporting Act
When is an employment background screening company a “consumer reporting agency”? Background screening reports are “consumer reports” under the FCRA when they serve as a factor in determining a person’s eligibility for employment, credit, insurance, housing, or other purposes and they include...
