12/6/18
Tip² - Using a CRA
Professional Background Screening • Heavily Regulated • Subject to oversight by FTC and CFPB • Compliant with FCRA • Maintains Standards of Accuracy • Provides Consumer (Applicant) Protections • Ensures Data Security • Adheres to State and Federal Laws
© 2016 AmericanChecked Inc.
Tip² - FCRA
Legal§ 604. Permissible purposes of consumer reports [15 U.S.C. § 1681b] (a) In general. Subject to subsection (c), any consumer reporting agency may furnish a consumer report under the following circumstances and no other: (3) To a person which it has reason to believe— (A) intends to use the information in connection with a credit transaction involving the consumer on whom the information is to be furnished and involving the extension of credit to, or review or collection of an account of, the consumer; or (B) intends to use the information for employment purposes ; or (C) intends to use the information in connection with the underwriting of insurance involving the consumer; or (D) intends to use the information in connection with a determination of the consumer’s eligibility for a license or other benefit granted by a governmental instrumentality required by law to consider an applicant’s financial responsibility or status; or (E) to use the information, as a potential investor or servicer, or current insurer, in connection with a valuation of, or an assessment of the credit or prepayment risks associated with, an existing credit obligation; or (F) otherwise has a legitimate business need for the information
© 2016 AmericanChecked Inc.
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