Skip to content
BOL Conferences
Learn More - Click Here!

Thread Options
#800825 - 08/23/07 12:05 AM Credit checks for employment purposes
Risky Business Offline
Junior Member
Joined: Jun 2002
Posts: 39
Washington State
What are other financial institutions doing about the recent amendment to FCRA effective July 22, 2007 that restricts employers from obtaining credit reports for employment purposes unless the reason for the credit check is either "required by law" or "substantially job related"? Now that financial institutions no longer fall under an industry exemption, is the only way around this to review or risk rank each job one-by-one and identify the reasons for each job that we feel would validate obtaining a credit report?

Return to Top
#800827 - 08/23/07 12:22 AM Re: Credit checks for employment purposes Risky Business
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,227
Galveston, TX
"restricts employers from obtaining credit reports for employment purposes unless the reason for the credit check is either "required by law" or "substantially job related"?"

Where do you find that?

If you are referring to 603(x), I suggest you re-read that section.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top
#801415 - 08/23/07 06:35 PM Re: Credit checks for employment purposes rlcarey
Risky Business Offline
Junior Member
Joined: Jun 2002
Posts: 39
Washington State
Senate Bill 5827 which amended FCRA RCW 19.182 and became effective 7/22/2007.

Return to Top
#801442 - 08/23/07 06:53 PM Re: Credit checks for employment purposes Risky Business
blue Offline
Platinum Poster
Joined: Jul 2005
Posts: 793
This is a state senate bill, correct?

Return to Top
#801626 - 08/23/07 08:51 PM Re: Credit checks for employment purposes blue
Risky Business Offline
Junior Member
Joined: Jun 2002
Posts: 39
Washington State
Correct. Whoops-this should have probably been posted in the Washington State forum....can anyone out there help move this thread to it's proper place?

Return to Top
#801868 - 08/24/07 11:33 AM Re: Credit checks for employment purposes Risky Business
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,227
Galveston, TX
OK - That makes a little more sense
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top
#802741 - 08/24/07 09:38 PM Re: Credit checks for employment purposes rlcarey
Andy_Z Offline
10K Club
Andy_Z
Joined: Oct 2000
Posts: 27,748
On the Net
Moved.
_________________________
AndyZ CRCM
My opinions are not necessarily my employers.
R+R-R=R+R
Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell

Return to Top