Using Consumer Credit Reports

The Fair Credit Reporting Act regulates the collection, dissemination and use of consumer credit information. If your businesses uses credit reports to extend credit to your customers; as a pre-employment check for potential employers; or furnishes customer information to credit reporting agencies, there are rules and regulations you must follow to ensure privacy of credit information.

• Using Consumer Credit Reports : What Employers Need to Know
  As an employer, you may use consumer reports when you hire new employees and when you evaluate employees for promotion, reassignment, and retention as long as you comply with the Fair Credit Reporting Act.
• Credit Reports : What Information Providers Need to Know
  Provides guidance that business reporting consumer credit information to credit reporting agencies must follow under the Fair Credit Reporting Act.
• Using Consumer Credit Reports : What Insurers Need to Know
  Insurance providers using consumer credit reports to underwrite insurance policies and to screen high-risk applicants must comply with privacy regulations under the Fair Credit Reporting Act.
  
• Using Consumer Credit Reports : What Landlords Need to Know
  Fact sheet for landlords using consumer and credit reports to evaluate rental applications.
• Disposing of Consumer Report Information? New Rule Tells How
  In an effort to protect the privacy of consumer information and reduce the risk of fraud and identity theft, a new federal rule is requiring businesses to take appropriate measures to dispose of sensitive information derived from consumer reports.