Tag: fair and accurate transactions act of 2003

The Fair Credit Reporting Act is similar to other federal privacy statutes in that they provide a standard of protections for consumers without going into the nitty-gritty of state-level legislation. Acting as a type of frame for state legislatures to build off of, the FCRA is what is called “partially preemptive,” which means that aside […]

Conducting employee screening and background checks is so prevalent a practice these days that a basic check can be done for under $20. More complex investigations, also called investigative consumer reports (ICRs), are much pricier and are often conducted on candidates of high level positions. Why Conduct a Background Check? Employers elect to pay for […]

  As the credit reporting industry grew, so did the need to regulate its reach. Until the passing of the Fair Credit Reporting Act, there were no protections for the individuals whose personal information was being compiled in the form of “investigative consumer reports” and provided to private businesses to make hiring (for employers) and […]