Effective January 1, 2013, the Consumer Financial Protection Bureau (CFPB) has made updates to three items that the Federal Trade Commission previously created under the Fair Credit Reporting Act: the Summary of Rights, the Obligations of Users and the Obligations of Furnishers. These items have changed since our last communication in October.
The Summary of Rights, available at http://www.backgroundbiz.com/docs/Summary-of-Rights.pdf, is the document that explains to individuals what their rights are under the FCRA.
The Obligations of Users, available at http://www.backgroundbiz.com/docs/Obligations-of-Users.pdf, details what your obligations are as the company that ordered a background check, including having permissible purpose, sending Adverse Action notifications, etc.
The Obligations of Furnishers, available at http://www.backgroundbiz.com/docs/Obligations-of-Furnishers.pdf, details the obligations of CRAs like backgroundchecks.com to our clients and their applicants.
Michael Klazema is Chief Marketing Technologist at EY-VODW.com and has over two decades of experience in digital consulting, online product management, and technology innovation. He is the lead author and editor for Dallas-based backgroundchecks.com with a focus on human resource and employment screening developments.