For employers, responding to requests to verify employees income and employment information can be time-consuming and impose risk, if inaccurate data is given. Additionally, it can delay significant life events for employees, such as a mortgage approval, when the verifier calls and isn’t able to get the information needed to approve the loan.
This FREE online educational seminar can help you learn how the Fair Credit Reporting Act (FCRA) regulates verifications provided by a consumer reporting agency, helping give both employers and employees peace of mind, including:
The responsibility of third-party verification providers to be compliant with the FCRA
The FCRA obligations of employers who furnish data and organization who request data
The potential regulatory risks of providing inaccurate data
Best practices you can apply to your verification fulfillment process