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New Version of Model FCRA Summary of Rights Released; And You Have Less Than A Week to Comply

    A new model “A Summary of Your Rights Under the Fair Credit Reporting Act” disclosure form document was released on September 12, 2018 by the Consumer Financial Protection Bureau (CFPB). Employers and background check companies should begin using the new form by September 21, 2018.

    The federal agency responsible for oversight and drafting the model forms required under the Fair Credit Reporting Act (FCRA) issued the revised form in an interim final rule on September 12, 2018.

    Employers and background check companies are required to provide the disclosure form to employees and job applicants at certain times under the FCRA. A failure to provide the correct notification can lead to significant exposure, including class action litigation.

    To read about why the change and what employers must do before September 21, 2018, please click here to read the full article by Jackson Lewis attorneys Kevin Holden, Susan Corcoran, and Rich Greenberg.

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