Home / Agencies / CFPB / 2024-26099
Final Rule

Consumer Financial Protection Circular 2024-06: Background Dossiers and Algorithmic Scores for Hiring, Promotion, and Other Employment Decisions

Agency
CFPB
Document Number
2024-26099
Published
November 12, 2024
Effective Date
-

Abstract

The Consumer Financial Protection Bureau (CFPB) has issued Consumer Financial Protection Circular 2024-06, titled, "Background Dossiers and Algorithmic Scores for Hiring, Promotion, and Other Employment Decisions." In this circular, the CFPB responds to the question, "Can an employer make employment decisions utilizing background dossiers, algorithmic scores, and other third-party consumer reports about workers without adhering to the Fair Credit Reporting Act (FCRA)?"

Federal Register Source

This document is published by the Office of the Federal Register, National Archives and Records Administration. Access the full regulatory text, preamble, and docket comments below.

View Full Text on FederalRegister.gov →

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Frequently Asked Questions

What is the 2024-26099 Federal Register document?
Document 2024-26099 is a Final Rule published by the Consumer Financial Protection Bureau in the Federal Register on November 12, 2024. The Consumer Financial Protection Bureau (CFPB) has issued Consumer Financial Protection Circular 2024-06, titled, "Background Dossiers and Algorithmic Scores for Hiring, Promotion, and Other Employment Decisions." In this circular, the CFPB responds to the question, "Can an employer make employment decisions utilizing background dossiers, algorithmic scores, and other third-party consumer reports about workers without adhering to the Fair Credit Reporting Act (FCRA)?" View the original at https://www.federalregister.gov/documents/2024/11/12/2024-26099/consumer-financial-protection-circular-2024-06-background-dossiers-and-algorithmic-scores-for-hiring.
Is document 2024-26099 an economically significant rule?
No. Document 2024-26099 is not classified as economically significant under Executive Order 12866. Economically significant rules require OIRA review and are estimated to have impacts of $100 million or more per year.

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