The CFPB changes or rule enhancements to the Fair Credit Reporting Act are meant to better protect the privacy rights of consumers, and to ensure that those rights are upheld by CRAs and their End-Users.

"Background Check Report" / "Investigative Reports" are also "Consumer Reports"

"Background Check/Screening/Investigative Companies" are also called "Consumer Reporting Agencies" or "CRAs". This does not have to include credit reports or employment verifications.

"Clients" of background checking/screening/investigative companies are "End-Users." End-Users now have to follow FCRA requirements, noted in tabs I, II, and III.

"Subjects" of background checking/screening/investigative companies are also "Consumers."

The CFPB has also updated its rules for banks, investment banks, corporations and others to better protect the privacy rights of consumers, and to ensure that those rights are upheld by CRAs, like Moneta, and End-Users like you. Be sure to check with your legal counsel.

"Notice to Users of Consumer Reports" Simply download, review, and keep it on file.

Master Services Agreement All customers clients are required to sign & submit to Moneta.

Pre-Adverse and Adverse Action Information Moneta and every CRA (credit reporting agency or background checking firm) is required to furnish this to its clients (end-users aka Users of Consumer Reports). Simply download, review, and keep it on file.

"A Summary of Your Rights Under the FCRA"

Pre-Adverse and Adverse Action Information Moneta and every CRA (credit reporting agency or background checking firm) is required to furnish this to its clients (end-users aka Users of Consumer Reports).

Simply download, review, and keep it on file.

Permissible Purpose Form

"Background Check/Screening/Investigative Companies" are also called "Consumer Reporting Agencies" or "CRAs". This does not have to include credit reports or employment verifications.

"Clients" of background checking/screening/investigative companies are "End-Users." End-Users now have to follow FCRA requirements, noted in tabs I, II, and III.

"Subjects" of background checking/screening/investigative companies are also "Consumers."

What to do when background check results hinder your hiring decision. Click the FCRA Resource Packet 2023 for pre-adverse action, adverse action, waiting period, sample letters, and more)

Background Information from the Consumer Financial Protection Bureau, Federal Trade Commission, Equal Employment Opportunity Commission and more