Employers sometimes overlook the Fair Credit Reporting Act (“FCRA”) because it doesn’t look or sound like it should have anything to do with employment issues or the hiring and managing of a workforce. Indeed, unlike the Department of Labor (“DOL”) or the Equal Employment Opportunities Commission (“EEOC”), the entities charged with the implementation, oversight, enforcement, and interpretation of the FCRA, the Federal Trade Commission (“FTC”) and the newly-created Consumer Financial Protection Bureau (“CFPB”), don’t seem to have much to do with employment issues either. Nevertheless, the FCRA is important for employers because, among other things, it regulates an employer’s use of “consumer reports,” which can consist of most data collected during an employment-related background investigation, including employment, education, court/criminal history, and, in the case of “investigative … [Read more...] about Why Should Employers Care About a Recent Federal Trade Commission Staff Report on the Fair Credit Reporting Act?
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The callers told Zoppoth, the managing partner and owner of The Zoppoth Law Firm, that they were receiving automated calls telling them of a problem and asking for credit or debit card information. When they looked at their caller ID, the phone number from Zoppoth’s firm showed up. … [Read more...] about Spoofers Use Kentucky Law Firm’s Phone Number in Credit Card Scam
1. Send the applicant or employee a pre-adverse action notice, including a copy of the background check report and the Consumer Financial Protection Bureau’s A Summary of Your Rights Under the Fair Credit Reporting Act form. The pre-adverse action notice should indicate that information in the report could negatively impact the individual’s employment or opportunity for employment with the employer. … [Read more...] about Three Steps for Complying with Requirements of Fair Credit Reporting Act in Employee Hiring
Universal Credit – the Government’s new benefit – will be rolled out in Sheffield this month. Here’s everything you need to know about it. The payment affects working-age people and is gradually being introduced across the country by the Department of Work and Pensions (DWP). It is expected that from November, 700 claims will be directed to Universal Credit each week in Sheffield. … [Read more...] about Universal Credit arrives in Sheffield: What you need to know
The practical takeaway is that while a carefully drafted lead agreement is a good start, the risks posed by these arrangements largely relate to the way in which they are implemented. It goes without saying that a broker may not share lead revenue or give other things of value to incent sales agents to send business to the lead purchaser. In addition, the parties to a lead agreement must endeavor to distinguish between a lead and a “referral,” which RESPA defines as any oral or written action directed to a person which has the effect of affirmatively influencing that person’s selection of a settlement service provider to whom he or she will pay a charge. Given this broad RESPA definition of a referral and the CFPB’s aggressive approach, sold leads should be cold leads. A real estate broker in a lead agreement should refrain from introducing consumers to the provider purchasing the leads; endorsing or recommending that provider to consumers; and using … [Read more...] about Consumer Financial Protection Bureau’s Prospect RESPA Consent Orders: Eight Key Takeaways