Bill Restricting Credit Checks by Employers in U.S. Senate after Passing House

Written By ESR News Blog Editor Thomas Ahearn On January 29, 2020, the U.S. House of Representatives passed a legislative package to overhaul the nation’s credit reporting system called the “Comprehensive CREDIT (Credit Reporting Enhancement, Disclosure, Innovation, and Transparency) Act of 2020” (H.R. 3621) that included the “Restricting Use of Credit Checks for Employment Decisions…

CFPB and FTC to Host Public Workshop to Discuss Accuracy of Credit Reports and Background Checks

Written By ESR News Blog Editor Thomas Ahearn The Consumer Financial Protection Bureau (CFPB) – the agency enforcing federal consumer financial law – has announced that the CFPB will host a public workshop with the Federal Trade Commission (FTC) to discuss issues affecting the accuracy of credit reports and background checks on December 10, 2019. …

Partial Settlement Reached with Equifax and TransUnion Over Alleged FCRA Violations with Credit Files

Written By ESR News Blog Editor Thomas Ahearn A partial settlement has been reached in a lawsuit against three major credit reporting agencies – Equifax, Experian, and TransUnion – over alleged violations of the federal Fair Credit Reporting Act (FCRA) due to inaccurate credit files, with a notice stating that a partial settlement was reached between…