New Summary of Your Rights Under the Fair Credit Reporting Act

Attached here is a Notice to Dealers sent out by Colombo & Colombo in November 2015 regarding the use of consumer credit reports for employment purposes.

As of September 21, 2018, you must begin using a new Summary of Your Rights Under the Fair Credit Reporting Act which was just recently issued by the CFPB to include information about a consumer’s right to obtain a security freeze on their credit report. The updated form can be found online at:

https://www.consumerfinance.gov/about-us/newsroom/bureau-consumer-financial-protection-issues-updated-fcra-model-disclosures/.

If you have any questions, please do not hesitate to contact a member of our Dealer Practice Group for guidance at 248-645-9300 or by email.

Chuck LeFevre, Chair – [email protected]
Lawrence F. Raniszeski – [email protected]
Michael J. O’Shaughnessy – [email protected]
Eric R. Bowden – [email protected]
Alycia Pallach Wesley – [email protected]
Nicholas J. Ranke – [email protected]