
FTC Red Flag Rules
New Red Flag Rules Impact Employment Screening
Employers who check credit reports during the screening process may be subject to the FTC’s new Red Flag Rules. The Red Flag Rules are intended to fight identity theft by detecting patterns and activities that could indicate identity theft.
Under Red Flag Rules, employers who use a consumer credit report and receive a notice from a nationwide credit bureau with an address discrepancy must have a written policy in place and must respond to the discrepancy.
Abso Managed Adjudication Aids Red Flag Rules Compliance
Red Flag Rules require employers to closely review every credit report they request and take action with their written Red Flag Rules policies.
Red Flag Rules Compliance Made Simple
- With Abso Managed Adjudication Service, we check every credit report you order for address mismatches.
- Abso flags and advises the employer of instances in which Red Flag Rules action must be taken.
- Employers then follow their written guidelines to comply with Red Flag Rules.
Be Confident in Compliance
Employers who require a large volume of credit reports would need to thoroughly check every report to ensure compliance with Red Flag Rules. Abso Managed Adjudication Service carefully reviews the reports for your, increasing accuracy and decreasing the resource burden.
Red Flag Rules Compliance and More with Abso® Talent EditionTM
Abso talent management software helps ensure compliance with Red Flag Rules and a host of hiring regulations. We build compliance right in to this web-based applicant tracking software, which also streamlines all phases of the hiring process, including talent management, employee background screening, employment screening tests, and workforce management.
Abso applicant tracking software streamlines steps, eliminates paper processes, and helps ensure compliance.
Contact us today to learn more about we can help you comply with Red Flag Rules.