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Important Update: Summary of Rights Document
The CFPB (Consumer Financial Protection Bureau) has updated its Summary of Rights document. This update includes non-substantive corrections and updates to Federal agency contact information located in several regulations.
Employers should provide the Summary of Rights to applicants in the event of adverse employment action. It is also good practice to provide the Summary of Rights prior to all employment background checks.
S2Verify provides the updated document on our Resources page and may also be accessed here.
The rule for providing the updated document is effective April 19, 2023. However, the mandatory compliance date for the amendments to appendix A to Regulation B, appendix A to Regulation J, and appendix K to Regulation V is March 20, 2024.
For further information regarding the Summary of Rights document itself, you may contact: Luke Diamond, Counsel; Ruth Van Veldhuizen, Senior Counsel, Office of Regulations, at 202–435–7700 or https://reginquiries.consumerfinance.gov/. If you require this document in an alternative electronic format, please contact CFPB_Accessibility@cfpb.gov.
Federal Registrar Notice of the Update
S2Verify does not provide legal advice, and this post is only intended for educational purposes.