Under the Fair Credit Reporting Act: A consumer report can be used only for a legitimate

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Under the Fair Credit Reporting Act:

• A consumer report can be used only for a legitimate business need;

• A consumer reporting agency cannot report obsolete information;

• An employer cannot request a consumer report on any current or potential employee without the employee’s permission; and

• Anyone who makes an adverse decision against a consumer because of a credit report must reveal the name and address of the reporting agency that supplied the negative information.

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Legal Environment

ISBN: 9780324537116

3rd Edition

Authors: Jeffrey F Beatty, Susan S Samuelson

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