What is the FCRA, and what are my obligations as an employer?
A. FCRA stands for Federal Credit Reporting Act. The FCRA specifies the standards and obligations under which organizations or individuals access credit reports. The act also imposes responsibilities on organizations or individuals who furnish information to consumer reporting agencies. Investigative consumer reports are a special type of consumer report in which information about a consumer’s character, reputation, background, and employment is obtained through personal interviews. Consumers who are the subjects of such reports are given special rights under the FCRA. If a user intends to obtain an investigative consumer report, Section 606 of the FCRA outlines the requirements.
