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Fair Credit Reporting Act (FCRA) Policies and Procedures

Porter Hedges LLP

Human Resources Compliance Audits (Part 2) UPDATED April 23 2024

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This post is the second installment discussing best practices for conducting a Human Resources compliance audit. The first installment of the series provided an overview of the compliance audit process and practical advice at...more

Sheppard Mullin Richter & Hampton LLP

CFPB Continues Focus on Credit Reporting with Guidance on FCRA Compliance

On January 11, the CFPB issued two advisory opinions providing guidance to consumer reporting agencies (CRAs) on the Bureau’s views on FCRA compliance obligations with respect to background check reports and credit file...more

Troutman Pepper

CFPB Enters Consent Order Against Medical Debt Collector for Alleged FCRA and FDCPA Violations

Troutman Pepper on

On June 8, the Consumer Financial Protection Bureau (CFPB) announced that it had entered a consent order against medical debt collector Phoenix Financial Services for alleged violations of the Fair Credit Reporting Act (FCRA)...more

Mitchell, Williams, Selig, Gates & Woodyard,...

ChatGPT in the Workplace - A Legal Minefield! What You Need to Know to Protect Your Business

As artificial intelligence (“AI”) technology continues to advance, more and more people are logging on and experimenting with the technology. ChatGPT, one free and popular AI, is reportedly the fastest-growing consumer...more

Lowenstein Sandler LLP

SEC Releases Risk Alert Regarding Compliance Issues With Identity Theft Prevention Programs Under Regulation S-ID

Lowenstein Sandler LLP on

On December 5, 2022, the Division of Examinations (EXAMS) of the Securities and Exchange Commission (SEC) issued a Risk Alert regarding recently observed compliance issues with respect to Regulation S-ID. Under Regulation...more

Arnall Golden Gregory LLP

AGG Celebrates Data Privacy Day 2022 With 5 Key Data Privacy Considerations for Businesses

Started in Europe in 2007, Data Privacy Day, or Data Protection Day as it is known internationally, is an international effort that takes place annually on January 28 to create awareness of the importance of data privacy. In...more

Fox Rothschild LLP

Resource: Checklists And Compliance Tips For New York City Hospitality Employers

Fox Rothschild LLP on

New York City hospitality employers face a myriad of requirements under federal, state, and local laws. This employment law "checklist" provides a guide for such businesses in order to ensure that they are onboarding new...more

Ballard Spahr LLP

FTC Seeks Comments On Proposed Changes To FCRA Rules

Ballard Spahr LLP on

The FTC has issued five notices of proposed rulemaking seeking comments on changes to five rules that implement the Fair Credit Reporting Act.  Comments will be due no later than 75 days after the date the NPRMs are published...more

Ballard Spahr LLP

CFPB issues special edition of Supervisory Highlights focused on consumer reporting

Ballard Spahr LLP on

The CFPB has issued a special edition of its Supervisory Highlights that focuses on compliance with the FCRA and Regulation V. The report contains two main sections, with one devoted to supervisory observations at furnishers...more

Womble Bond Dickinson

BCFP enters into consent order with State Farm regarding alleged FCRA violations

Womble Bond Dickinson on

Last Thursday, the Bureau of Consumer Financial Protection (the “Bureau”) announced a settlement with State Farm Bank, FSB (“State Farm”) regarding alleged violations of the FCRA as well as the Consumer Financial Protection...more

Smith Debnam Narron Drake Saintsing & Myers,...

Credit Reporting Remains a High Priority for the CFPB

The CFPB confirmed credit reporting remains a high priority for the agency by issuing a special Supervisory Highlights devoted to credit reporting earlier this month. The report was generally complimentary of the strides...more

Ballard Spahr LLP

CFPB settles FDCPA claims against debt collection law firms

Ballard Spahr LLP on

The CFPB announced that it has entered into a consent order with two law firms specializing in the collection of medical debts and their president for alleged FDCPA violations.  The consent order also settles allegations that...more

Sheppard Mullin Richter & Hampton LLP

Most Recent CFPB Supervisory Highlights Feature FCRA, LO Compensation and Debt Collection Issues

The Consumer Financial Protection Bureau’s most recent supervisory highlights publication featured issues relating to the Fair Credit Reporting Act, loan originator compensation and in-person debt collection that should be on...more

Robinson+Cole Data Privacy + Security Insider

Credit Protection Association settles FCRA violations for $72,000

A debt collection agency, Credit Protection Association (CPA), settled with the Federal Trade Commission (FTC) this week for its violations of the Fair Credit Report Act (FCRA) for $72,000. In the FTC’s complaint, the FTC...more

Carlton Fields

CFPB Issues Compliance Bulletin Clarifying Expectations on Furnisher Obligations Under the Fair Credit Reporting Act

Carlton Fields on

The Consumer Financial Protection Bureau has issued CFPB Compliance Bulletin 2016-01, which "emphasize[s] the obligation of furnishers under Regulation V[1] to establish and implement reasonable written policies and...more

MoFo Reenforcement

CFPB’s Message to Employment Background Screening Providers: A Rose by Any Other Middle Name is Probably the Wrong Person

MoFo Reenforcement on

On October 29, the CFPB took action against two of the country’s largest employment background screening report providers for violations of the FCRA. This is one of the CFPB’s most significant FCRA actions to date, following...more

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