Which of the following is TRUE about the Fair Credit Reporting Act?
A) The use of credit reports for employment purposes is illegal unless the job involves the use of, access to, or management of money.
B) It is legal to require credit checks on some applicants for the same job and not on other applicants if the hiring organization has "reasonable cause."
C) An employer must disclose that a credit check is being made and obtain written consent from the person being checked.
D) Credit agencies are liable for damages if false credit information is disclosed about a job candidate.

Question

Quizplus · Accepted Answer

The Fair Credit Reporting Act requires employers to disclose that a credit check is being made and obtain written consent from the person being checked. A and B are false, as the use of credit reports for employment purposes is not illegal, and employers must have a legitimate reason for conducting credit checks on applicants. D is also false, as credit agencies are not liable for damages if false credit information is disclosed about a job candidate if they have accurately reported the information provided by the sources.

Which of the Following Is TRUE About the Fair Credit