Enacted on October 26, 1970 and last amended on November 12, 1999, the Fair Credit Reporting Act (FCRA) was created to protect consumers from the possible misuse of information. The FCRA is broad in scope and governs the use of consumer reports regarding employment, housing, and credit. We have included links below to provide easy access to the current version of the FCRA, as well as the consumer protection home page. FCRA is regulated by the Federal Trade Commission.The Federal Trade Commission is the nation's consumer protection agency. The FTC's Bureau of Consumer Protection works for the Consumer to prevent fraud, deception, and unfair business practices in the marketplace. They do this by enforcing a variety of federal antitrust and consumer protection laws. Advances in technology make it easier then ever for detailed information about people and companies to be compiled and shared more easily, as these advances are made all of us must make sure that information is not misused. The Federal Trade Commission educates people in the importance of information privacy for individuals.
In compliance with the FCRA you must have written permission of the individual you are running any consumer report on. Also in the event that you (your company) is considering denying employment, housing, or credit to an individual a pre-adverse action notification (example by our company) must be given to the consumer allowing them a reasonable amount of time to dispute the information of the report, along with a copy of the consumer report( or background check) and a copy of The Summary of Rights under the Fair Credit Reporting Act. After a reasonable amount of time has passed you may deny them employment with an Adverse Action Letter (example by our company).
All links to other web sites are provided for general information purposes only and are not an endorsement, sponsorship, or recommendation of the those sites' content, products, or services. No information on this site should be considered legal advice and you should consult with a lawyer before using any forms or making any other decisions that could have legal recourse.
