Sentences with phrase «adverse action against consumers»

«This allows consumers to correct errors in their credit report and prevent employers from taking adverse action against consumers based on incorrect information,» Vahey said.

3.4 Adverse Action — CRA shall inform client that there are legal requirements imposed by the federal FCRA and, in some instances, state consumer reporting laws, regarding taking adverse action against a consumer based on a consumer report.

Not exact matches

Anyone who uses a credit report or another type of consumer report to deny your application for credit, insurance, or employment - or to take another adverse action against you - must tell you, and must give you the name, address, and phone number of the agency that provided the information.

If you believe that a company has taken adverse action against you, such as dramatically increasing your home insurance or denying employment, then the relevant consumer reporting company is required to give you a free copy of your consumer report.

Insurers can not take an action that results in an adverse effect against the consumer solely because the consumer does not have a credit card account.

This question is relevant when employers use information in a consumer report collected by a third - party Consumer Reporting Agency, like a background screening company, to take adverse action against an employee or apconsumer report collected by a third - party Consumer Reporting Agency, like a background screening company, to take adverse action against an employee or apConsumer Reporting Agency, like a background screening company, to take adverse action against an employee or applicant.

The FTC also alleged that the company neglected to notify users of their obligations under FCRA to notify consumers if an adverse action was taken against them on the basis of the information reported.

NAR supports the proposed amendments that will provide consumers with their credit score used in making a credit decision when the score results in less favorable terms to the consumer than the most favorable terms available to a substantial proportion of consumers or when a creditor notifies consumers against whom it has taken an adverse action.