The Consumer Financial Protection Bureau (CFPB) has released the examination procedures to be used in examining larger credit bureaus and Consumer Reporting Agencies (CRAs) so CFPB examiners may verify that these companies are complying with requirements of federal consumer financial law. The CFPB’s authority to supervise larger consumer reporting companies takes effect September 30, 2012. …Continue reading "CFPB Releases Examination Procedures for Larger Consumer Reporting Agencies to Verify Companies are Complying with Law"
A federal district Court in Maryland has ruled that an employer sued by the Equal Employment Opportunity Commission (EEOC) for alleged discriminatory use of criminal background checks and credit histories in hiring may compel the EEOC the testify regarding the agency’s own use of criminal records and credit information for employment screening. The ruling EEOC …Continue reading "EEOC Must Testify On Own Use of Criminal Background Checks and Credit Histories for Employment Screening"
A survey from the Society for Human Resource Management (SHRM) “Background Checking — The Use of Credit Background Checks in Hiring Decisions” indicates that more than half of the responding organizations – 53 percent – do not conduct credit background checks on any of their job candidates, a noticeable increase from 40 percent in 2010 and …Continue reading "Credit Background Checks of Applicants Not Used by More than Half of Organizations According to Survey"
The Consumer Financial Protection Bureau (CFPB) has adopted a rule to begin supervising larger consumer reporting agencies – including the “big three” credit reporting companies Equifax, Experian, and TransUnion – for the first time at the federal level, according to a CFPB press release ‘Consumer Financial Protection Bureau to supervise credit reporting.’ The rule outlining …Continue reading "Consumer Financial Protection Bureau Adopts Rule to Supervise Larger Credit Reporting Companies"
Continuing the trend of states stopping employers from routinely obtaining credit reports on applicants and employees to use in making employment decisions, Vermont Act No. 154 (S. 95) prohibits employers in the state, subject to various exceptions, from using or inquiring into credit reports or credit histories of job applicants and employees in the employment …Continue reading "Vermont to Prohibit Employers from Using Credit Reports for Employment Decisions Starting July 1"
To help Human Resources professionals understand the current trends, best practices, and legal developments affecting due diligence and hiring, Attorney Lester Rosen, CEO of Employment Screening Resources (ESR), will present a webinar titled ‘The Top 10 Trends for Background Checks in 2012’ for the Professionals In Human Resources Association (PIHRA) on Friday, May 18, 2012 …Continue reading "Top 10 Trends for Background Checks in 2012 Reviewed in PIHRA Webinar on May 18"
While existing law allows California consumers to place security freezes on their credit files maintained by the three major credit reporting agencies Equifax, Experian, and TransUnion, new legislation – Senate Bill 1384 (SB 1384) ‘Consumer Reporting Agencies Act’ – would authorize consumers to place similar security freezes on certain other consumer reports containing private financial …Continue reading "California Bill SB 1384 Would Authorize Consumers to Place Security Freezes on Consumer Reports"
In a recent letter to the Office of Management and Budget (OMB), the U.S. Chamber of Commerce urged the OMB to require the Equal Employment Opportunity Commission (EEOC), the nation’s leading enforcer of employment anti-discrimination laws, to allow a review by the OMB and public input as the EEOC prepares to issue new enforcement guidance …Continue reading "Chamber of Commerce Urges OMB to Require EEOC to Allow Public Input on Background Check Guidance"
A State House committee in Colorado has voted to defeat legislation – SB-3, The ‘Employment Opportunity Act’ – that would have restricted the use of credit report checks of job applicants by employers for employment screening, The Denver Post reports, and the vote against SB-3 “ran along party lines with six Republicans voting against five …Continue reading "Colorado Bill Restricting Credit Report Checks of Job Applicants for Employment Screening Defeated"
Attorney at Law and safe hiring expert Lester Rosen, founder and CEO of nationwide accredited background check firm Employment Screening Resources (ESR), will present the Business & Legal Resources (BLR) webinar ‘Background Checks: How to Legally Use Credit Inquires, Social Media Searches, and More’ on Thursday, March 22, 2012 from 10:30 a.m. to 12:00 p.m. …Continue reading "Background Check Webinar Shows How to Legally Use Credit Checks and Social Media Searches"