Each violation may carry a fine of $100 to $1,000.2If damages are incurred, actual and punitive damages may also be imposed in addition to attorney fees. Criminal charges may apply if someone knowingly and willfully obtains information from a consumer reporting agency under false pretenses. Wha...
The FCRA was enacted to protect consumers in the consumer reporting process by regulating the report, the consumer reporting agency that provides the consumer report, and the employers/ end-users of the consumer reports. The FCRA requires employers to follow certain procedures when it uses a consum...
Director Chopra then noted that the CFPB aims to address these concerns by proposing new rules this year, referencing proposals the agency is considering that would expand the FCRA’s reach to expressly encompass data brokers involved in the sale and aggregation of certain consumer data. As Direc...
After you take adverse action based on a Consumer Report: You must give the applicant or employee notice of the actual adverse employment action. This notice should be in writing and must include: The name, address, and telephone number of the Consumer Reporting Agency that provided the C...
The FTC also used CHW's closing letter to make a point about an exception found in Section 603(y) of the FCRA, the Exclusion of Certain Communications for Employee Investigations. That provision excludes from the definition of "consumer report" communications made to an employer in connec...
A statement that “the consumer reporting agency did not make the decision to take the adverse action and is unable to provide the applicant the specific reasons why the adverse action was taken”; and, A notice of the applicant’s right to obtain within sixty (60) days a free copy of ...
A statement that “the consumer reporting agency did not make the decision to take the adverse action and is unable to provide the applicant the specific reasons why the adverse action was taken”; and, A notice of the applicant’s right to obtain within sixty (60) days a free copy of ...