What's New: Use of Adverse Action Notices in Employment Actions

Thursday, October 13, 2011 at 10:51AM
Banking Spectrum in What's New

As of July 21, 2011, The Dodd-Frank Wall Street Reform and Consumer Protection Act established additional requirements that employers must follow if they use consumer reports in making employment decisions to hire applicants or deny promotions to current employees. Refer to Fair Credit Reporting Act in the Human Resources chapter of  The Gold Book.

Article originally appeared on Banking Spectrum (https://www.bankingspectrum.com/).