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Background Checks & FCRA Compliance

I. What Moneta Must Provide Customers

Master Services Agreement All customers clients are required to sign & submit to Moneta. This document includes Item b. below.

Notice to Users of Consumer Reports Simply download, review, and keep it on file.

Employee Screening Agreement form is only required for employment-related background checks.

All items in Tab II

II. What Customers Must Provide to Subjects (aka Consumers)

A Summary of Your Rights Under the FCRA Notify subjects of their FCRA rights. In case you forget, the form is embedded in the Moneta Consent Form, so the subjects will review and certify it there.

The Background Check Disclosure Notify subjects of the background check about the background check, This is a sample disclosure to show you how.

Pre-Adverse and Adverse Action Information Moneta and every CRA (credit reporting agency or background checking firm) is required to furnish this to its clients (end-users aka Users of Consumer Reports). Simply download, review, and keep it on file.

Definitions

The CFPB changes or rule enhancements to the Fair Credit Reporting Act are meant to better protect the privacy rights of consumers, and to ensure that those rights are upheld by CRAs and their End-Users.

"Background Check Report" / "Investigative Reports" are also "Consumer Reports"

"Background Check/Screening/Investigative Companies" are also called "Consumer Reporting Agencies" or "CRAs". This does not have to include credit reports or employment verifications.

"Clients" of background checking/screening/investigative companies are "End-Users." End-Users now have to follow FCRA requirements, noted in tabs I, II, and III.

"Subjects" of background checking/screening/investigative companies are also "Consumers."

The CFPB has also updated its rules for banks, investment banks, corporations and others to rule changes/enhancements are meant to better protect the privacy rights of consumers, and to ensure that those rights are upheld by CRAs and End-Users. Be sure to check with your legal counsel.

III. Reference Material

FCRA Resource Packet 2023 Excellent reference materials, including what to do when background check results hinder hiring decisions (Pre-Adverse Action, Waiting Period, Adverse Actions; sample letters, and more)

Add'l Information About Background Checks Find information from the Consumer Financial Protection Bureau, Federal Trade Commission, Equal Employment Opportunity Commission and more

Background Checks & FCRA Compliance

I. What Moneta Must Provide Customers

Master Services Agreement All customers clients are required to sign & submit to Moneta. This document includes Item b. below.

Notice to Users of Consumer Reports Simply download, review, and keep it on file.

II. What Customers Must Provide to Subjects (aka Consumers)

A Summary of Your Rights Under the FCRA Notify subjects of their FCRA rights. In case you forget, the form is embedded in the Moneta Consent Form, so the subjects will review and certify it there.

Pre-Adverse and Adverse Action Information Moneta and every CRA (credit reporting agency or background checking firm) is required to furnish this to its clients (end-users aka Users of Consumer Reports). Simply download, review, and keep it on file.

III. What Customers Must Provide to Moneta

In addition to the signed Master Services Agreement, a Permissible Purpose Form

"Background Check/Screening/Investigative Companies" are also called "Consumer Reporting Agencies" or "CRAs". This does not have to include credit reports or employment verifications.

"Clients" of background checking/screening/investigative companies are "End-Users." End-Users now have to follow FCRA requirements, noted in tabs I, II, and III.

"Subjects" of background checking/screening/investigative companies are also "Consumers."

III. Reference Material

FCRA Resource Packet 2023 Excellent reference materials, including what to do when background check results hinder hiring decisions (Pre-Adverse Action, Waiting Period, Adverse Actions; sample letters, and more)

Add'l Information About Background Checks Find information from the Consumer Financial Protection Bureau, Federal Trade Commission, Equal Employment Opportunity Commission and more