Wednesday, February 20, 2013 at 09:15AM Have You Rung In the New Year with Your New FCRA Forms?
While the new year is off to a swinging start, the team at Verrill Dana wants to make sure all clients are complying with the Consumer Financial Protection Board’s (CFPB) requirement that updated Fair Credit Reporting Act (FCRA) notices be used when performing background screenings on current or potential employees. Previously, the CFPB issued regulations that called for the modification of three critical forms required by the FCRA, 15 U.S.C.§ 1681 et. seq. As of January 1, 2013, these modified forms, issued in final form by the CFPB in November 2012, are now the required notices under the FCRA.





