Nebraska Bankers Association
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  • About
    • Membership
    • News
    • Boards and Committees
    • Alice Dittman Trailblazer Award
    • NBA Foundation
    • Leadership Program
    • Staff Directory >
      • Contact Us
  • Workforce
    • Careers
    • Post Job Openings
  • Advocacy
    • Legislative Update
    • BankPAC
    • Comment Letters
  • Compliance
    • Handbook
    • Compliance Update
    • Compliance Alliance
  • Education
    • Event Calendar
    • In-person Events/Training
    • Webinars
    • ABA Training
    • Banking Schools
    • CYBERSECURITY TRAINING
    • Sponsorships and Exhibits
    • Young Bankers (YBON)
  • Insurance
    • Agency Services >
      • Commercial Insurance
      • Personal Insurance
      • Livestock, Irrigation and Farm Insurance
      • Surety Bonds
    • Bank Property & Liability
    • Financial Institution Insurance
    • Benefit Plans
  • Bank Resources
    • Preferred Vendors
    • Associate Members
    • Marketing Resources
    • Financial Literacy
    • Single Bank Pooled ​Collateral Program
    • Bank Security
    • Compensation & Benefits Survey

CREDIT REPORTS FOR EMPLOYMENT PURPOSES: FAIR CREDIT REPORTING ACT

Consumer reports may be used by employers when either hiring new employees or when evaluating current employees for promotion, reassignment or retention purposes.  The use of such reports must be in compliance with the Fair Credit Reporting Act (FCRA).  Sections 604, 606, and 615 of the FCRA address the use of consumer reports for employment purposes.  The intent of these sections is to protect the privacy of consumer report information and to ensure that the information supplied by consumer reporting agencies is accurate.  Employer responsibilities include several issues, such as inaccurate or incomplete consumer reports that could result in the denial of employment to either applicants or employees.  The FCRA provides that:

(1) individuals are aware that consumer reports may be used for employment purposes and agree to such use, and

(2) individuals are notified promptly if information in a consumer report may result in a negative employment decision.

A summary of the FCRA, as the Act relates to employment purposes, may be found in the NBA Compliance Handbook, Volume I, Personnel Tab, "Fair Credit Reporting Act:  Employment Provisions" article.

Compliance Handbook Search

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  • Volume II
    • Deposit Accounts
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  • Volume III
    • Secured Transactions
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    • Environmental Issues
    • Miscellaneous

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Nebraska Bankers Association

233 South 13th Street, Suite 700
Lincoln, NE 68508
​402-474-1555
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