GRAMM LEACH BLILEY ACT


Are you aware of the Gramm Leach Bliley Act? You should if you’re a client of Rental Services, Inc. or you access personally identifiable information as part of a resident screening report. We’ve posted a copy of the Gramm Leach Bliley Act on the RSI website and we recommend taking a moment to review the complete document.

Rental Services, Inc GLBA link.

Comments

Post a Comment

Popular posts from this blog

Rental Services, Inc. 2019 April Newsletter

In this month’s newsletter we will review the Fair Credit Reporting Act and how it applies to you, the client. You’ll also receive an update on a few of the legal issues discussed last month and a great resource for Colorado clients who want to make sure their voice is heard. Recently, while speaking with a private landlord, they told me they conduct their own background checks using Google and asked if that's how RSl does it. Since RSI is monitored by the credit bureaus, we are held to a higher standard when reporting information that is used in making a credit decision. Rental Services, lnc. is a Consumer Reporting Agency (CRA) and must follow set legal guidelines. As a CRA, Rental Services, lnc. must navigate federal, state and local laws when conducting a background check. The main law that impacts each report we provide, to you the client, is the Fair Credit Reporting Act (FCRA). Violations of the FCRA are enforced by the Federal Trade Commission and the Consumer Fin...
Read more

This Has Nothing to Do With Star Trek

Let’s talk about Data and not that robot from Star Trek. If your going to order a background check you need to make sure you have good data. Old or inaccurate data makes it hard to make an informed decision about an applicant. I recommend asking your screening company where they get their data from and what it covers? Do they have access to proprietary databases developed and constantly updated by them and their customers? I know many of you reading this blog already use Rental Services, so I want you to know the answer to all of the questions listed in this article are YES. We use current and up to date information sources that are reviewed for quality. We update our own proprietary database with records collected manually by RSI. Clients also contribute to our large collection of records.
Read more

Rental Services, Inc. August 2019 Newsletter

Each day I talk to current and future clients about background screening and other industry related topics. The one question that I’m asked on a regular basis is what is the most important part of the background check? After I explain how every part is important and how each individual piece of information is needed to make an informed business decision, we talk about Forcible Entry and Detainers (otherwise known as an “FED” or “eviction” lawsuit). In my opinion an applicant who has a verified eviction is a high-risk renter. At Rental Services, Inc. we feel an eviction search is so valuable it is included with almost every screening package we offer. Industry studies have shown that applicants with an eviction are three times more likely to have another eviction and have double the number of apartment related collections.   At one time eviction records showed up on the credit report. However, on July 1, 2017, Equifax, Experian and TransUnion began to exclude most publ...
Read more