Some drivers say they have been wrongly barred from jobs due to inaccuracies in their DAC reports, and that HireRight and its rivals don’t do enough to verify claims or correct mistakes. In 2011, HireRight paid $28 million to settle a class-action lawsuit with more than 650,000 plaintiffs who accused it of failing to properly […]
Category Archives: Background Check Errors
Supervision’s work in the consumer reporting market is ongoing and remains a high priority. Consumer reporting companies and furnishers have an obligation to maintain the accuracy of consumer data, but experience indicates that they lack incentives and under-invest in accuracy. Indeed, these most recent supervisory findings underscore Supervision’s concern about the lack of resources […]
You can also read Director Cordray’s full remarks on the report to the CFPB Consumer Advisory Board last week. “Consumer reporting, also known as credit reporting, is an important market that for many years has not been very transparent and generally is not well understood by consumers. It is also one of the markets where people […]
Bureau Report Outlines Accuracy and Other Issues That Bureau Supervision Has Taken Action to Address WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) released a report detailing the problems in the credit reporting industry that the Bureau has uncovered and corrected through its oversight work. Since launching its supervision of the credit reporting […]
In Syed v. M-I, LLC, the Ninth Circuit held that including waiver of potential claims language in the same document as the statutorily required Fair Credit and Reporting Act disclosure was a violation of FCRA. In sum, the Court ruled that the FCRA rights notice cannot be combined with any other notice or agreement. It must […]
The Federal Fair Credit Reporting Act is law that gives consumers certain rights when companies include your credit report in a decision making process. Denied Credit? Under the FCRA both the credit reporting company, and the company that provided the information, are responsible for correcting inaccurate information on your credit report.” — Patrick Mansfield […]
In matters pertaining to credit, do you feel like it’s you against the world? Sometimes we all feel that way, but in reality, there are rules and regulations to help protect you against credit discrimination, abuse, or improper handling of your information. Consider these four important laws that help protect your credit rights. http://theweek.com/articles/677173/how-law-protects-credit […]
Most people know that maintaining their credit score in good standing is crucial to their financial health. After all, their credit score can have a significant impact on many aspects of their life. Credit scores can affect a person’s ability to buy a home, car, insurance, and may even affect their ability to obtain employment. […]
Consumer reporting agencies (also known as credit reporting agencies or CRAs) compile consumer data primarily for use by “users.” Users are entities that access a consumer’s information to gain insight into the consumer’s past behavior including prior use of credit (payment history and type of credit accessed), criminal history for a job application, or […]
WINNING ENTRY: Adam G. Singer WINNER NAME: Zola Creative AWARD: Legal Standard of Excellence http://www.webaward.org/winner.asp?eid=32504#.V9h2v60YmYM