Background Checks: Update Your FCRA Summary of Consumer Rights

On May 24, 2018, President Trump signed the Economic Growth, Regulatory Relief, and Consumer Protection Act into law. Among other things, the Act requires credit reporting agencies to provide a free “national security freeze” to consumers to protect from identity theft.

Now, if the Fair Credit Reporting Act requires businesses to issue a Summary of Consumer Rights or a Consumer Identity Theft Rights notice, it must contain language advising the recipient of their security freeze rights.