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Employee credit check policy

Question
Should an employer who is conducting credit checks for prospective employees define a policy to guide this procedure? 
Answer
Yes. The definition of a policy on credit checks of prospective employees establishes that the employer knows about and intends to properly comply with the Fair Credit Reporting Act, which requires the protection of personal financial information from unauthorized disclosure. 
Brain Trust contributor: Author of Improving Performance Results
Related Categories: Credit, Human Resources, Legal, Management
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