Written By ESR News Blog Editor Thomas Ahearn On March 29, 2019, United States Senator Elizabeth Warren (D-MA) and Chairman of the House Oversight and Reform Committee Elijah Cummings (D-MD) released the findings of a report entitled “Actions Needed to Strengthen Oversight of Consumer Reporting Agencies” that focused on federal regulation of consumer reporting agencies …Continue reading "GAO Report Recommends Stronger Oversight of CRAs to Protect Consumers against Data Breaches"
Written By ESR News Blog Editor Thomas Ahearn On December 31, 2018, the Consumer Financial Protection Bureau (CFPB) – the agency responsible for consumer protection in the financial sector – announced the ceiling on allowable charges for disclosures under the federal Fair Credit Reporting Act (FCRA) had increased from $12.00 to $12.50, effective for 2019.Continue reading "CFPB Announces Ceiling on Charges for FCRA Disclosures Increased in 2019"
Written By ESR News Blog Editor Thomas Ahearn On October 31, 2018, the Seventh Circuit Court of Appeals decision in the case of Rivera v Allstate Insurance involved a novel question about whether or not an investigation by a third party into employee misconduct could be considered a “consumer report” under the federal Fair Credit Reporting Act (FCRA).Continue reading "Court Skeptical Outside Investigation into Employee Misconduct Constitutes Consumer Report Under FCRA"
Written By ESR News Blog Editor Thomas Ahearn A $3.3 million settlement has been reached in a class action lawsuit that claimed a Consumer Reporting Agency (CRA) allegedly violated the federal Fair Credit Reporting Act (FCRA) when providing background check reports on job applicants for employment purposes, according to a report from Top Class Actions.Continue reading "Consumer Reporting Agency Reaches $3.3 Million Settlement in Lawsuit Over Alleged FCRA Violations"
Written By ESR News Blog Editor Thomas Ahearn On July 12, 2018, the Federal Trade Commission (FTC) – a U.S. government agency promoting consumer protection – testified before the Senate Banking, Housing, and Urban Affairs Committee that “vigorous” enforcement of the Fair Credit Reporting Act (FCRA) remains a top priority and outlined efforts to educate …Continue reading "FTC Testifies Before Senate Committee that Enforcement of FCRA Remains a Top Priority"
Written By ESR News Blog Editor Thomas Ahearn The Consumer Financial Protection Bureau (CFPB) has released a special report that details the problems in the credit reporting industry that the CFPB has uncovered and corrected through oversight work and outlines actions the CFPB has taken to address these problems such as fixing data accuracy …Continue reading "CFPB Releases Report Detailing Problems in Credit Reporting Industry"
Written By ESR News Blog Editor Thomas Ahearn A Federal Trade Commission (FTC) blog entitled ‘Background checks? Don’t double-dip.’ reminds users who receive information from Consumer Reporting Agencies (CRAs) that compile consumer reports containing the employment, income, and criminal history of consumers that they must comply with the federal Fair Credit Reporting Act (FCRA) and …Continue reading "FTC Reminds Users of Consumer Reports of their Obligations Under the FCRA"
Written By ESR News Blog Editor Thomas Ahearn The Federal Trade Commission (FTC) is seeking public comment on the Disposal Rule formally known as the ‘Disposal of Consumer Report Information and Records Rule’ which implements part of the Fair and Accurate Credit Transactions Act of 2003 (FACTA) by requiring consumer report information for business purposes …Continue reading "FTC Requests Public Comment on Disposal Rule for Consumer Report Information and Records"
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 …Continue reading "Senator Requests Information from Consumer Reporting Agencies about Consumer Protection"
Breaking News 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 …Continue reading "FTC Releases New Guidance for Employment Background Screening Companies to Help with FCRA Compliance"