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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.
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- 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.
More Information
- Pre-Employment Checks
Explains the use of personal information, such as credit reports, used in background screening. - Protecting Financial Information
Education and guidance to help financial companies comply with the Safeguard Rule.
