There are new updates to background check forms required by the FCRA. The updates must be in place by January 1, 2013. The Summary of Rights forms you provide to prospective and current employees as required under the Fair Credit Reporting Act (“FCRA”) must be updated. The Consumer Financial Protection Bureau (CFPB) has since issued regulations requiring employers to revise their Summary of Rights forms effective January 1. 2013 to reflect that information about consumers rights under the FCRA can now be obtained from the CFPB instead of the FTC. Read more
A copy of the FTC’s new Staff Report can be found on the FTC’s website at http://www.ftc.gov/os/2011/07/110720fcrareport.pdf.
The copy of the new Summary of Rights form which employers are required to use effective January 1, 2013 can be downloaded from the CFPB’s website.