Important Notice: New Summary of Consumer Rights Document to Comply with the Fair Credit Reporting Act

Important Notice to IntelliCorp Clients: Beginning January 1, 2013, Employers Must Use the New Summary of Consumer Rights Document to Comply with the Fair Credit Reporting Act

The Consumer Financial Protection Bureau (CFPB) has issued regulations which update language in several existing documents required by the Fair Credit Reporting Act (FCRA).

As an IntelliCorp client, two of the revised documents (Summary of Rights under the FCRA and Notice to Users of Consumer Reports of their Obligations under the FCRA) are relevant to your screening program and need to be incorporated into your background check process. The deadline to implement and incorporate these revised documents into your screening process is January 1, 2013. To assist you in complying with the new mandate issued by the CFPB, we are providing you with helpful instructions in order to meet the January 1 deadline.

Discard all existing Summary of Rights documents your organization is currently using, and download the updated version by clicking on the link below. After downloading and saving the document, incorporate the new version into your screening process.

Summary of Rights Under the FCRA   

Discard your existing Notice to Users of Consumer Reports of their Obligations under the FCRA documents, and download the updated version and include it in your screening process. Please make sure you distribute and provide training on this document to all individuals involved with your background screening program. This will help to ensure awareness of your organization’s obligations under the FCRA.

Notice to Users of Consumer Reports of their Obligations under the FCRA 

Please note that the major change to the documents is the designation of the CFPB as the agency which consumers may contact for information regarding their rights under the FCRA. However, there are other changes, and it is strongly suggested that you review each document in detail and discuss these modifications with legal counsel to ensure compliance.

Training
To schedule a training session on the new documents and incorporating them into your process to comply with the FCRA, please click here.

Have Questions?
If you have questions regarding the new forms from the Consumer Financial Protection Bureau (CFPB) please contact our Client Services Department at 888-946-8355 or customerservice@intellicorp.net.