New Disclosure Requirements Now in Effect
The Bureau of Consumer Financial Protection has released a revised version of the Fair Credit Reporting Act (FCRA) disclosure form, which notifies job applicants and employees of their rights regarding background checks.
According to JD Supra, the new requirements include information on two changes:
(1) a consumer’s right to a national security freeze and (2) the new one-year minimum time period that consumer reporting agencies must include an initial fraud alert in a consumer’s file.
The new form went into place on September 21, 2018.
For more details on the new form and resulting requirements, please click here.
The information included in this blog post originally appeared in an article in JD Supra on September 25, 2018, written by Kaytlin Kopen of Husch Blackwell LLP.