UPDATE FOR ALL EMPLOYERS WHO REQUIRE BACKGROUND CHECKS ON FUTURE EMPLOYEES AND INDEPENDENT CONTRACTORS

This month, the Consumer Financial Protection Bureau has released an updated version of the “Summary of Your Rights Under the Fair Credit Reporting Act” notice. The updated notice is available here.

All employers must provide either the prior version or this notice to employees and independent contractors if they do background checks and take adverse action based on the results of a background check. This means that if you would NOT hire or retain a contractor based on what you learn in their background check, they need to receive the notice at the time they agree to a background check.

If you are using the prior version in your documentation, please begin using this version as soon as practicable, but no later than March 20, 2024.

If you would like to discuss or receive more information on the content of this post, please contact us.  The attorneys at Boodell & Domanskis are available to answer your questions about any general issues concerning your business.