Revised FCRA Summary of Rights for Background Checks Must Be Used as of 09-21-18
A revised FCRA Summary of Rights must be used starting September 21, 2018. The key compliance impact for companies and other organizations that need to obtain a background check ̶ be it employee screening, tenant screening, franchisee screening, country club membership screening or other type of permissible business purpose background check ̶ is that a new FCRA Summary of Rights must now be provided.
This required change is due to the recent amendment to the FCRA (Fair Credit Reporting Act) by the Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155). The main effect of the amendment is that whenever an FCRA Summary of Rights is required to be given to a consumer, this Summary of Consumer Rights must also include notice of the consumer’s right to obtain a “security freeze” on their credit report (which will prohibit a consumer reporting agency from releasing their credit file without the consumer’s expressed authorization). As an alternative to a security freeze, consumers have the right to place an initial or extended fraud alert on their credit file at no cost.
Just last week the CFPB (Consumer Financial Protection Bureau) finally got around to issuing an “Interim Final Rule” which provided a definitive format for revisions to the FCRA Summary of Rights. Since it is only an interim rule, it is possible that the CFPB could issue another revision at some time, although I believe that is unlikely to happen in the near future. You can find the updated “Summary of Your Rights Under the Fair Credit Reporting Act” at https://www.consumerfinance.gov/learnmore/.
Rudy Troisi, President and CEO, Reliable Background Screening
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Reliable Background Screening Is A Now Preferred Partner of Fit Body Boot Camp Franchise
The vibrant Fit Body Boot Camp franchise chose Reliable as their ‘Preferred Partner’ for conducting employee background checks franchise-wide. There are several advantages for choosing Reliable as a ‘Preferred Partner’ for background checks for your franchise:
We perform both franchisee screening and employee background checks
Best practices background screening with quality control that is second to none
We design custom screening tailored specifically for your franchise’s business needs
We offer special discounted fees for corporate and its franchisees
Franchisees get fast access to a private portal 24/7 to run checks online
Standardized background checks across the entire franchise that will protect your brand, employees, and your customers
If you would like to learn more about the benefits of designating Reliable your background screening ‘Preferred Partner’ contact us at 833-946-1989 or use the button below:
To keep costs in check to provide our quality services at fair prices, we rely on our satisfied clients’ referrals to get new clients.
If you are happy with the service we are providing you, we will greatly appreciate you referring us to others like you who also value protecting their brand, reputation, and safety. As a token of our appreciation, we will send you a $25 Amazon gift card.
To request information or to ask questions regarding background screening call (833) 946-1989 or click above.
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