Effective January 1, 2013, employers must begin using a new Fair Credit Reporting Act ("FCRA") notice in connection with their background screening process. The Consumer Financial Protection Bureau ("CFPB")recently issued regulations updating the notice entitled "A Summary of Your Rights Under the FCRA" ("Summary of Consumer's Rights"), among other notices.
The updated notices now refer to the CFPB, not the Federal Trade Commission, as the point of contact for any questions pertaining to the FCRA, and provide the CFPB's website address, www.consumerfinance.gov/learnmore.
Please see full advisory below for more information.
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