All-On-One FCRA Notification Poster
All businesses that conduct background investigations on job applicants or credit checks on customers must comply with the notification and identify theft provisions of the Fair Credit Reporting Act (FCRA). Under the FCRA, businesses are obligated to obtain a written authorization from an applicant or employee before a background investigation, obtain authorization from customers prior to a credit check, provide a “Summary of Consumer Rights” notice if a background check or credit check results in adverse action, and ensure that personally identifiable documents are shredded to prevent identity theft. (An “adverse action” is defined as “failure to hire, promote, or transfer an applicant or employee” or “failure to grant credit, insurance, or housing to a consumer.”)
Effective September 21, 2018, businesses must begin using a revised “Summary of Consumer Rights” notice to comply with the FCRA. The revised notice is published and enforced by the Consumer Financial Protection Bureau (CFPB), and now includes information on security freezes that can protect an individual’s credit rating from being damaged by identity theft. Violations of FCRA notice requirements can result in penalties up to $3,756 per violation.
To help employers comply with notification requirements and demonstrate good faith compliance, Personnel Concepts has introduced a revised 2018-2019 All-OnOne FCRA Notification Poster. This exclusive 16” x 20” poster includes three notices: the revised “Summary of Consumer Rights” (effective September 21, 2018); an FCRA Background Investigations notice to inform applicants and employees of their rights and obligations; and an Identity Theft Prevention notice to comply with requirements pertaining to shredding sensitive documents and protecting valuable consumer data.
Who Needs It
All businesses that conduct background investigations or credit checks must comply with the notification and identity theft provisions of the Fair Credit Reporting Act (FCRA), as amended by the Fair and Accurate Credit Transactions Act (FACTA).
Demonstrates Good Faith Compliance
Posting the required “Summary of Consumer Rights” and our FCRA Background Investigations Notice in an area frequented by applicants, employees, and customers can be used in your defense during an enforcement action or lawsuit. Additionally, posting an identity theft prevention notice in the workplace can be used in your defense in the event of a breach of protected information.
Avoid Penalties and Lawsuits
Posting notices to educate applicants and employees of their rights under the FCRA can help businesses avoid any allegations of “willful” violations of the Act, thus reducing the likelihood of prosecution or significant penalties for noncompliance. A comprehensive poster addressing three specific provisions of the Fair Credit Reporting Act (FCRA) to help businesses meet revised notification requirements and demonstrate good faith compliance. “
Our 2018-2019 All-On-One FCRA Notification Poster includes the following notices:
- A “Summary of Consumer Rights” Notice, effective September 21, 2018.
- An FCRA Background Investigations Notice that informs applicants and employees of their rights and obligations under the background investigation provisions of the FCRA.
- An Identity Theft Prevention Plan Notice that notifies employees about their rights and obligations relating to the protection of sensitive data and documents.