Is Your Background Check Process FCRA Compliant?
When it comes to the Fair Credit Reporting Act, is your company aware of the steps needed to stay legal?
Navigating the vast world of FCRA compliance can be overwhelming and confusing to say the least, not to mention the high stakes of noncompliance. Failing to abide by FCRA regulations puts your organization at risk for a potentially expensive and reputation-damaging lawsuit. For example, the federal fine for willful non-compliance are actual damages or statutory damages can be up to $1,000 per violation. But don’t worry! True Hire has compiled the information below to get you started on your way to understanding FCRA compliance.
What does FCRA stand for?
The Fair Credit Reporting Act (FCRA) is U.S. Federal Government legislation enacted to promote the accuracy, fairness, and privacy of consumer information contained in the files of consumer reporting agencies. It was intended to protect consumers from the willful and/or negligent inclusion of inaccurate information in their credit reports.
to read more and to learn the steps your organization can take to stay FCRA compliant.