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Consumer Financial Protection Bureau Adopts Rule to Supervise Larger Credit...
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...
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CFPB Releases Examination Procedures for Larger Consumer Reporting Agencies...
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...
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Consumer Financial Protection Bureau Begins Accepting Credit Reporting...
The Consumer Financial Protection Bureau (CFPB) has begun to accept consumer complaints about credit reporting, marking the first time consumers will receive individual-level credit reporting complaint...
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Consumer Financial Protection Bureau Announces New Corrected Forms Required...
In November 2012, the Consumer Financial Protection Bureau (CFPB) announced in the Federal Register corrections to typographical and technical errors in the earlier versions of three new essential CFPB...
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CFPB Warns Nationwide Specialty Consumer Reporting Agencies to Give Consumers...
The Consumer Financial Protection Bureau (CFPB) has released a bulletin to nationwide specialty consumer reporting agencies (NSCRAs) as a reminder of their obligation under the federal Fair Credit...
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Government Increases Action Against Consumer Reporting Agencies Using...
The Federal Trade Commission (FTC) recently submitted written testimony to the U.S. Commission on Civil Rights summarizing the Fair Credit Reporting Act (FCRA) requirements that relate to the use of...
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Top 20 Stories for Background Check Screening for 2012 from Employment...
For the last day of the year, nationwide accredited background check provider Employment Screening Resources (ESR) – http://www.esrcheck.com – has chosen the following ‘Top 20 Stories for Background...
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Background Screening Industry Faces Greater Scrutiny after Accuracy of...
In 2012, after reported cases of inaccurate criminal background checks costing job seekers employment, the background screening industry faced greater scrutiny over accuracy of reports. This increased...
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Allegation of Failure to Update FCRA Compliance Forms by National Retailer...
A large national retailer has settled an employment class action lawsuit for $3 million that alleged the company violated the federal Fair Credit Reporting Act (FCRA) by failing to send proper notices...
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NAPBS Applauds NBC Today Show Report for Recognizing Importance of Employee...
The National Association of Professional Background Screeners (NAPBS®) applauds an NBC Today Show report by National Investigative Correspondent Jeff Rossen for emphasizing “the critically important...
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FTC and CFPB Interpret FCRA Reporting for Non-Conviction Records
Written By ESR News Blog Editor Thomas Ahearn The Federal Trade Commission (FTC) and the Consumer Financial Protection Bureau (CFPB) have filed a joint amicus brief advocating for the seven-year...
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CFPB Report Examines How CRAs Handle Consumer Disputes
Written By ESR News Blog Editor Thomas Ahearn The Consumer Financial Protection Bureau (CFPB) has released its latest Supervisory Highlights report that shows CFPB supervisory resolutions resulted in...
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New CFPB Report Reveals Top Consumer Complaints
Written By ESR News Blog Editor Thomas Ahearn The Consumer Financial Protection Bureau (CFPB) – the federal agency solely focused on consumer financial protection and consumer complaints – has...
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Consumer Reporting Fairness Act Would Help Fix Inaccurate Credit Reports
Written By ESR News Blog Editor Thomas Ahearn Legislation introduced in the U.S. Senate – S. 1773 – the “Consumer Reporting Fairness Act of 2015” – would require creditors to inform consumer...
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Are Your Background Check Forms Up To Date?
Written By ESR News Blog Editor Thomas Ahearn In spring of 2015, the Consumer Financial Protection Bureau (CFPB) made some minor but nevertheless important modifications to a form critical to the...
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CFPB Finds Complaints about Credit Reports Rising Sharply
Written By ESR News Blog Editor Thomas Ahearn The Consumer Financial Protection Bureau (CFPB) has released its Monthly Complaint Report that found complaints about credit reports sharply increased...
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CFPB Orders Background Check Firms to Pay $13 Million for Alleged Inaccurate...
Written By ESR News Blog Editor Thomas Ahearn The Consumer Financial Protection Bureau (CFPB) is ordering two of the nation’s largest employment background check firms to correct their practices,...
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Background Screening Firms, Human Resources, and Employers Will Be Focused on...
Written By ESR News Blog Editor Thomas Ahearn Due to increased pressure and scrutiny from both the federal government and private attorneys seeking multi-million dollar judgments, background...
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Government Oversight and Enforcement of Accuracy in Background Check Industry...
Written By ESR News Blog Editor Thomas Ahearn There will be increased governmental oversight and enforcement of the background check industry, with a particular focus on issues involving the accuracy...
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CFPB Issues Compliance Bulletin on FCRA Requirements for Data Furnishers
Written By ESR News Blog Editor Thomas Ahearn The Consumer Financial Protection Bureau (CFPB) has issued Compliance Bulletin 2016-01 regarding compliance with the federal Fair Credit Reporting Act...
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