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The Consumer Financial Protection Bureau issued a circular that said that companies using third-party consumer reports must follow Fair Credit Reporting Act rules.
Details: The CFPB said that employers that use consumer reports—both when hiring workers and for subsequent employment purposes—must comply with FCRA obligations, including:
The requirement to obtain a worker’s permission to procure a consumer report.
The obligation to provide notices before and upon taking adverse actions.
A prohibition on using consumer reports for purposes other than the permissible purposes described in the FCRA.
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Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey today issued the following statement after the 19th acquisition of a tax-paying bank by a tax-exempt credit union in 2024, which expands on this year’s annual record.
ImageOct 23, 2024
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the Consumer Financial Protection Bureau’s 1033 final rule released today.
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Oct 22, 2024
A new report outlines the opportunities, risk, and future considerations for tokenization, or the process of generating and recording a digital representation of traditional assets on a programmable platform.
ImageOct 22, 2024
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