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