Fair Hiring in Banking: The FDIC’s Final Rule to Revise FDIC Regulations
On July 30, 2024, the Federal Deposit Insurance Corporation (FDIC) approved the Final Rule to Revise FDIC Regulations Concerning Section 19 of the...
With Verified Credentials' mobile-first candidate experience, you meet candidates where it's most convenient. Learn how easy we make it.
Ongoing monitoring of driving records can help employers avoid risk and improve driver safety. Learn about the benefits of adding Verified Credentials' newest solution to your screening strategy.
Learn the latest trends in employment background checks. This report uses real-life usage data to uncover how employers are screening across industries.
Verified Credentials is a leading background screening company. Since 1984, we’ve helped validate and secure relationships through the use of our comprehensive screening solutions. We offer a wide variety of background checks, verifications, and innovative screening tools.
Our accreditation confirms that our policies, processes, and employee training meet rigorous industry compliance standards.
1 min read
Verified Credentials Mar 18, 2021 12:00:00 AM
Rhode Island may be the smallest state, but some of its state laws align with some of the nation’s biggest. States like California restrict the use of certain credit information for employment purposes. Some large cities have their own restrictions, like New York City. And as small as it is, the Ocean State has its own laws in place, too. If you do business there, you may have restrictions on using certain “credit report” information when hiring.
What makes a credit report a credit report varies from state-to-state. Rhode Island defines a “credit report” as any information from a credit bureau about a consumer’s creditworthiness, standing, or capacity used as a factor to determine eligibility for:
So, does Rhode Island have specific employer disclosure requirements regarding applicants who live or work in Rhode Island, before a credit report may be obtained regarding them, as well? If you guessed yes, you got it.
According to state law, anyone who requests a credit report, as defined by Rhode Island law, related to an application for employment must first inform the applicant that such credit report may be requested.
Rhode Island’s requirements go further by addressing adverse action related to such credit reports. If an employer takes adverse action against an applicant based on information in the credit report, it must advise the individual it’s taking adverse action against of this and provide them with the credit bureau’s name and address.
Verified Credentials provides clients with state-specific sample disclosure documents in their Resource Library. The library includes a sample Rhode Island Credit Report Disclosure. If you’d like to see a sample to reference as you create your own document, log into your Resource Library.
As always, you should discuss your state-specific disclosures with trusted legal counsel to make sure you stay in compliance with applicable laws.
On July 30, 2024, the Federal Deposit Insurance Corporation (FDIC) approved the Final Rule to Revise FDIC Regulations Concerning Section 19 of the...
The Consumer Financial Protection Bureau (CFPB) issued a recent policy statement advising employers to comply with the Fair Credit Reporting Act...
Illinois Governor J.B. Pritzker signed House Bill 3773 into law on August 9, 2024, expanding the state’s regulations on the use of artificial...
The topic of salary equality has been prevalent in recent years. As part of this trend, Rhode Island recently passed amendments to its pay equity...
“Fair Chance” -type laws are becoming more common across the country. These types of laws often restrict the types of criminal information employers...
There has been an increase in jurisdictions adopting “salary history bans,” like the salary history bans we have discussed in New Jersey, New York, ...