Landlords, hiring managers, entrepreneurs, and employers have something in common: when choosing a background screening provider, the issue of whether or not prospective providers can assure compliance with background check laws when conducting checks remains a top concern. Other concerns may include:
- Cost. Will the cost per check ensure a significant ROI?
- Turnaround. How long will each check take? The clock is ticking.
- Accuracy. Will the background check fail by missing any critical information about the applicant?
Compliance Concerns Are Paramount
According to a recent article published by the Society for Human Resource Management (SHRM), background screening providers are far more likely to beat out the competition if compliance with the governing laws can be assured through very specific means: the provider must be FCRA compliant (Fair Credit Reporting Act). Cost, turnaround time, and accuracy remain critical factors, but non-compliance with laws, both local and federal, representations a severely troubling risk of future liability and litigation.
What Does it Mean to be FCRA compliant?
The FCRA was designed to protect consumers, and is a law designed to promote accuracy, fairness, and privacy for data used by consumer reporting agencies.
Why Should Compliance Be at the Top of Your List?
Landlords and employers should verify FCRA compliance before considering any provider, because even if the cost is low, a quick turnaround time is guaranteed, or there is a promise of accuracy, without compliance, your organization or even you personally are at risk of litigation. Ultimately, working with a non-compliant screening provider can and will cost you in the long run.
Contact VICTIG to learn more about our compliance with local and federal laws.