Consumer Financial Protection Bureau › Background Checks

The Consumer Financial Protection Bureau is a United States federal agency established in 2010 as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Agency is responsible for educating consumers about financial products and services, enforcing federal consumer financial laws and studying trends in consumer financial markets.

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News & Analysis as of May 23, 2013

New Background Check Forms Required under the FCRA

by Michael Gamboli, Kimberly McCarthy, Alicia Samolis | Partridge Snow & Hahn LLP on 2/25/2013

The Fair Credit Reporting Act (“FCRA”) provides guidelines which must be followed in order for employers to gather certain information about employees or applicants. Generally, there are two types of reports: a consumer...more

Employers Faced January 1, 2013, Deadline to Update Fair Credit Reporting Act Notice

by Nikole Mergo | Nexsen Pruet, PLLC on 2/18/2013

Originally published in SC Bar's Employment and Labor Law Newsletter: Winter 2013 on February 15, 2013 Effective January 1, 2013, there was a new form that employers must provide prospective or current employees when...more

New Year, New FCRA Forms

by Kara Shea | Butler, Snow, O'Mara, Stevens and Cannada,... on 2/8/2013

Do you use a third party service to conduct background checks on job applicants or employees? If yes, then you should take note of new forms which employers are required to use for this purpose, effective January 1, 2013. ...more

New Year Brings New FCRA Forms for Employers and Possibly Additional Notification Requirements

by Lisa E. Cleary, Nivritha Ketty, Adam Pinto, Catherine A. Williams | Patterson Belknap Webb & Tyler LLP on 2/7/2013

The Consumer Financial Protection Bureau (CFPB), the primary enforcer of the Fair Credit Reporting Act (FCRA) rang in the new year by issuing new forms for users of consumer reports. Copies of the forms that went into effect...more

Employers Should Use Revised FCRA Disclosure for Employees and Job Applicants

by Keith Barnett, Thomas Bundy, III, Knox Dobbins, Peter Farley, Jaliya Stewart Faulkner, Allegra Lawrence-Hardy, Jason Stone, Mark Thibodeaux, Annette Tripp, Gail Westover | Sutherland Asbill & Brennan LLP on 1/16/2013

Employers who use consumer reports as part of their decision-making process in the hiring, promotion or firing of employees should note the attached “A Summary of Your Rights under the Fair Credit Reporting Act” issued by the...more

New Federal Agency Rings In The New Year With New FCRA Background Check Forms

by Katherine Rand | Pierce Atwood LLP on 1/14/2013

Employers that use third parties to perform background checks on applicants or employees must start using new Fair Credit Reporting Act (FCRA) forms immediately. The new Consumer Financial Protection Bureau, which is...more

Background Checks: Updated “Summary of Consumer Rights” Required Under Fair Credit Reporting Act

by Timothy Sarsfield | Thompson Coburn LLP on 1/9/2013

Start the new year out right by using the updated “Summary of Consumer Rights” form, required as of January 1, 2013, to comply with the Fair Credit Reporting Act (“FCRA”). Even if you updated your form earlier in 2012, you...more

Employment And Labor Insight: Year In Review - Are Your Employment Procedures, Practices And Policies In Compliance?

by Leonard, Street and Deinard on 1/9/2013

As we enter 2013, we would like to update you on the importance of reviewing your application, background check procedures, employment policies and employee handbook for compliance with the changing laws in these areas....more

Act Now Advisory: Employers Must Update FCRA Notices in Background Screening Process by January 1, 2013

by Anna A. Cohen, Jennifer A. Goldman, Jeffrey M. Landes, William J. Milani, Susan Gross Sholinsky, Dean L. Silverberg | Epstein Becker & Green, P.C. on 12/24/2012

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...more

Modified Fair Credit Reporting Act Notices Will Be Required Effective January 1, 2013

by Gwendolyn Morales | Franczek Radelet P.C. on 12/21/2012

The following is an important message for all employers that use credit reporting agencies to perform pre-employment background checks or other related investigations...more

Is Your Company Using the Right Form for Background Checks?

by Rebecca R. Hanson | Foley & Lardner LLP on 12/19/2012

The Consumer Financial Protection Bureau (the “Bureau”) has taken over rulemaking and enforcement responsibilities for the Fair Credit Reporting Act (“FCRA”) and has updated an important FCRA form that employers must use when...more

New Fair Credit Reporting Act (FCRA) Form in Effect January 1, 2013

by Bradford G. Harvey, Jennifer W. Terry | Miller & Martin PLLC on 12/14/2012

Under the federal Fair Credit Reporting Act (FCRA), employers are required to provide a Summary of Rights form to individuals who are the subject of an investigative consumer report and/or before adverse action is taken based...more

Employment Law Update: Employers Face FCRA Update Deadline of January 1, 2013

by Nexsen Pruet, PLLC on 11/30/2012

Effective January 1, 2013, there is a new form that employers must provide prospective or current employees when conducting background checks subject to the Fair Credit Reporting Act (FCRA). The main change in the form...more

eTrends - By January 1, 2013, FCRA Forms Must be Updated

by Susan Milner Parrott | Smith, Anderson, Blount, Dorsett, Mitchell &... on 11/30/2012

By January 1, 2013, employers and consumer reporting agencies must use revised, updated forms for certain notices required by the Fair Credit Reporting Act (FCRA). The revisions indicate that the recently created Consumer...more

Corrected Forms from Consumer Financial Protection Bureau

by Stephen R. Woods | Ogletree, Deakins, Nash, Smoak & Stewart,... on 11/28/2012

As discussed in an earlier blog post, the Consumer Financial Protection Bureau (CFPB) — which now has the responsibility of enforcing the federal Fair Credit Reporting Act (FCRA), a role previously held by the Federal Trade...more

Employers Will Need to Use New FCRA Forms by January 1

by Stephen R. Woods | Ogletree, Deakins, Nash, Smoak & Stewart,... on 9/19/2012

Employers will be required to use updated forms as part of their background check process by January 1, 2013, as responsibility for interpreting the federal Fair Credit Reporting Act (FCRA) transfers from the Federal Trade...more

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