Tag Archives: Consumer Reporting Agency (CRA)

Senator Requests Information from Consumer Reporting Agencies about Consumer Protection

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Written By ESR News Blog Editor Thomas Ahearn

U.S. Senator Claire McCaskill (D-Missouri) has written a letter to 21 Consumer Reporting Agencies (CRAs) requesting information about the uses of specialty consumer reports and examining the practices of specialty CRAs after receiving complaints from individuals who encountered trouble removing incorrect information from – or even learning about the contents of – their specialty consumer reports, according to a news release on Senator McCaskill’s website. Continue reading

FTC Releases New Guidance for Employment Background Screening Companies to Help with FCRA Compliance

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Written By ESR News Blog Editor Thomas Ahearn

The Federal Trade Commission (FTC) has released new guidance for companies in the business of compiling background information for employment purposes called “What Employment Background Screening Companies Need to Know About the Fair Credit Reporting Act (FCRA)” in order to help these companies understand when their work defines them as a Consumer Reporting Agency (CRA) under the FCRA. Continue reading

CFPB Issues Compliance Bulletin on FCRA Requirements for Data Furnishers

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Written By ESR News Blog Editor Thomas Ahearn

The Consumer Financial Protection Bureau (CFPB) has issued Compliance Bulletin 2016-01 regarding compliance with the federal Fair Credit Reporting Act (FCRA) that emphasizes the obligation of data furnishers under Regulation V to establish and implement written policies and procedures regarding the accuracy and integrity of information being furnished to Consumer Reporting Agencies (CRAs). Continue reading

Judge Approves $4.75 Million Settlement against Background Check Firm in FCRA Lawsuit

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Written By ESR News Blog Editor Thomas Ahearn

A New York federal judge has granted final approval to a $4.75 million settlement in class action lawsuit against a background check company for alleged violations of the federal Fair Credit Reporting Act (FCRA), according to a report on the TopClassActions.com website. Continue reading

Georgia Law Taking Effect July 1 Offers FCRA Protections

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Written By ESR News Blog Editor Thomas Ahearn

Effective July 1, 2015, a new law in Georgia – House Bill 328 (HB 328) – will enact similar protections offered to consumers under Section 613 of the federal Fair Credit Reporting Act (FCRA). The text of Georgia HB 328 is at http://www.esrcheck.com/file/GeorgiaHB328.pdf. Continue reading

Employment Screening Resources to Present Webinar on Ways CRAs are Sued Under FCRA

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Written By ESR News Blog Editor Thomas Ahearn

Employment Screening Resources® (ESR) – ‘The Background Check Authority®’ – will present a complimentary webinar hosted by ESR founder and CEO Attorney Lester Rosen titled ‘Common Ways Consumer Reporting Agencies are Sued Under the FCRA’ on Tuesday, May 12, 2015 at 11:00 AM to 12:00 Noon PM Pacific Time. To register for this event, please visit http://attendee.gotowebinar.com/register/6893115836185261825. Continue reading

CFPB Report Examines How CRAs Handle Consumer Disputes

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Written By ESR News Blog Editor Thomas Ahearn

The Consumer Financial Protection Bureau (CFPB) has released its latest Supervisory Highlights report that shows CFPB supervisory resolutions resulted in remediation of $19.4 million to more than 92,000 consumers. Among the highlights of the 20-page report is a focus on how Consumer Reporting Agencies (CRAs) handle consumer disputes that question the accuracy and completeness of background check reports. Continue reading

Employment Screening Resources Releases Whitepaper Showing Why Employers Should Be Careful when Choosing CRAs

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Written By ESR News Blog Editor Thomas Ahearn

Employment Screening Resources® (ESR) – ‘The Background Check Authority®’ – has released a whitepaper on ‘Common Ways Consumer Reporting Agencies are Sued Under the FCRA’ showing employers the reasons why prospective employees may sue Consumer Reporting Agencies (CRAs) for alleged violations of the federal Fair Credit Reporting Act (FCRA). The complimentary whitepaper is at http://www.esrcheck.com/Whitepapers/. Continue reading

FTC and CFPB Interpret FCRA Reporting for Non-Conviction Records

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Written By ESR News Blog Editor Thomas Ahearn

The Federal Trade Commission (FTC) and the Consumer Financial Protection Bureau (CFPB) have filed a joint amicus brief advocating for the seven-year reporting period for non-conviction records found in the federal Fair Credit reporting Act (FCRA) to begin on date of the charge or filing and not on the date of the last action in the case. To view the entire amicus brief jointly filed by the FTC and the CFPB, click here. Continue reading

Data Brokers Settle FTC Charges of FCRA Violations

Written By Thomas Ahearn

ESR News BlogTwo data brokers that sell public record information about consumers have agreed to settle Federal Trade Commission (FTC) charges that they violated the Fair Credit Reporting Act (FCRA) by allegedly providing reports about consumers to users such as prospective employers and landlords without taking reasonable steps to make sure that they were accurate or that their users had a permissible reason to have those reports. A press release from the FTC about the settlements is available at http://www.ftc.gov/news-events/press-releases/2014/04/two-data-brokers-settle-ftc-charges-they-sold-consumer-data. Continue reading