Notice of Adverse Action - Non-Employment - Due to Credit Report

Adverse employment actions are employment decision that negatively impact you as the employee. The most obvious example is a firing.For instance, something that is considered an adverse action in a sex discrimination case may not be an adverse action in an MSPB appeal for a federal government employee.

If you plan to take adverse action based on consumer report finding, you must send the tenant or employee a Pre-Adverse Action notice within 3 days of receiving the consumer report. Though this notice is typically mailed, it may also be communicated verbally or by e-mail.A copy of the consumer report.

Definition of Pre-Adverse And Adverse Action Notices: In the hiring process, adverse action means that a company is considering not hiring the applicant.Pre-Adverse And Adverse Action Notices are processes that inform the applicant that the company is considering not moving forward with the employment process.

A creditor must notify an applicant of action taken on the applicant's request for credit, whether favorable or adverse, within 30 days after receiving a completed application.

An adverse action occurs when an employer behaves in a way that puts an individual or a group of people at a disadvantage as far as equal employment opportunities go. For example, take an employee who files a lawsuit against his or her employer.

If the employer does not give you enough time to review the report and correct any errorsfor example, if the employer gives you the Pre-Adverse Action letter and then rejects your job application on the same dayyou may have a legal claim against the employer for violating your right to receive notice before the

A creditor must notify the applicant of adverse action within: 30 days after receiving a complete credit application. 30 days after receiving an incomplete credit application. 30 days after taking action on an existing credit account.

A creditor must disclose a consumer's credit score and information relating to a credit score on a risk-based pricing notice when the score of the consumer to whom the creditor extends credit or whose extension of credit is under review is used in setting the material terms of credit.

File online at www.consumerfinance.gov/Complaint. Call the toll-free phone number at 1-855-411-CFPB (2372) or TTY/TDD phone number at 1-855-729-CFPB (2372) Fax the CFPB at 1-855-237-2392.