Bill Would Prohibit Employers from Using Credit Reports in Background Checks

  Written By ESR News Blog Editor Thomas Ahearn Legislation introduced in the U.S. Senate – the “Equal Employment for All Act of 2015” – would amend the federal Fair Credit Reporting Act (FCRA) to prohibit employers from using the credit reports of job applicants and current employees during background checks for employment. The text …

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Woman Sues Credit Reporting Agencies for Declaring Her Dead

  Written By ESR News Blog Editor Thomas Ahearn A St. Louis, Missouri woman has filed a lawsuit against the “big three” credit reporting agencies – Equifax, Experian, and TransUnion – for declaring her “deceased” in her credit files and making it impossible for her to receive credit or loans, according to a story from …

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Consumer Reporting Fairness Act Would Help Fix Inaccurate Credit Reports

  Written By ESR News Blog Editor Thomas Ahearn Legislation introduced in the U.S. Senate – S. 1773 – the “Consumer Reporting Fairness Act of 2015” – would require creditors to inform consumer reporting agencies (CRAs) that certain debts have been discharged in bankruptcy cases, making it easier for consumers who rid themselves of credit …

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Credit Reporting Agencies to Pay $6 Million Settlement

  Written By ESR News Blog Editor Thomas Ahearn Attorney Generals from 31 states have announced that the three main credit reporting agencies – Equifax, Experian, and TransUnion – agreed to pay a $6 million settlement to their states and change their business practices to benefit consumers, according to a news release from Ohio Attorney …

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New York City to Bar Employers from Viewing Credit Reports of Job Seekers

Written By ESR News Blog Editor Thomas Ahearn The New York City Council is expected to pass a bill – “Stop Credit Discrimination in Employment Act” (Int. No. 261-A) – that will bar employers from viewing the credit reports of job seekers and also prohibit them from asking about credit scores in job interviews, according …

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300 Credit Reports Sent to Woman by Mistake

  Written By ESR News Blog Editor Thomas Ahearn A woman in Maine who requested a free credit report for herself online inside returned home one night to find her mailbox full with more than 300 credit reports addressed to her but containing confidential information belonging to other people, according to a report from WGME …

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Credit Reporting Agencies Announce Plan to Improve Credit Report Accuracy

Written By ESR News Blog Editor Thomas Ahearn The three leading national Credit Reporting Agencies (CRAs) – Equifax, Experian, and TransUnion – have announced a National Consumer Assistance Plan to improve the collection of complete and accurate consumer information while giving consumers more transparency and improved interaction with credit bureaus about credit reports, according to …

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FTC Issues Credit Report Accuracy Study

Written By ESR News Blog Editor Thomas Ahearn A follow-up study of credit report accuracy issued by the Federal Trade Commission (FTC) has found that most consumers with previously reported unresolved errors on their credit reports believe that some disputed information on those reports is still inaccurate, according to an FTC press release. The study …

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New York City May Ban Credit Checks by Employers

Written By ESR News Blog Editor Thomas Ahearn New York City Council members are considering legislation – Introductory Bill Number 261 (“Int. No. 261”) – that would amend the administrative code of the city “in relation to prohibiting discrimination based on one’s consumer credit history” and prevent employers from using credit checks in employment decisions. …

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Credit Reports Becoming Disfavored Tool in Employment Screening that May Disappear from Hiring Landscape

Employers should generally approach the use of credit reports for employment purposes with great caution, carefully examining if such use is regulated by state law, is relevant to the job, and be on the lookout for potential future restrictions in 2014 as credit report checks continue to become a disfavored tool that could potentially disappear …

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