Compliance and Legislation, Fair Credit Reporting Act, CFPB

CFPB Updates Summary of Rights, etc, Again


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, is the document that explains to individuals what their rights are under the FCRA.  

The Obligations of Users, available at, 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, details the obligations of CRAs like to our clients and their applicants.


Michael Klazema

About Michael Klazema The author

Michael Klazema is Chief Marketing Technologist at 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 with a focus on human resource and employment screening developments.


See more...

More Like This Post