The New Year is just around the corner and so are the new California laws that are about to take effect. Here at CIC, we want to keep you up-to-date on some of the changes that will directly impact the multifamily housing industry, this year.
As the nation’s most trusted provider of criminal and eviction data solutions for the multifamily housing industry, CIC wants help keep you informed of current industry affairs and developments. As such, the following is insight provided by Larry Henry, the National Consumer Reporting Association’s legal counsel.
Mr. Henry’s practice focuses on advising employers employment law matters, including issues related to the Fair Credit Reporting Act, the law governing background checks. He is nationally known for his expertise in the FCRA and employment law matters. He is admitted to the Oklahoma and Iowa Bar Associations, all Oklahoma federal district courts, Tenth Circuit Court of Appeals and the United States Supreme Court.
As sellers and Internet service providers gather increasing amounts of consumer information, the data broker industry has expanded. Identifying themselves as “market research” firms, data brokers buy, analyze, sort, aggregate, and resell public and non-public information and analytics about consumers to companies that use the data to target their marketing efforts.
The consumer reporting industry, despite what critics, media and the general population may believe, is a highly regulated business. Although this article should not be perceived as legal advice and is certainly not a comprehensive list of new legislation, we will do our best to highlight bills, ordinances and mandates across the U.S. that have recently come to our attention.
Rep. Chris Welch, introduced Illinois House Bill 4778 back in February of 2014, in an attempt to amend the Landlord and Tenant Act, which would mean big changes for property managers and the tenant screening community. If the legislation passes, additional restrictions will be enforced on property managers throughout the state.
With the apartment industry’s $1.1 trillion contribution to the U.S. economy, which supports more than 25 million jobs – it’s important for the multifamily housing industry to stay in the know about ongoing legislative matters. To help industry experts stay in the know, the National Apartment Association (NAA) and National Multifamily Housing Council (NMHC) held their annual conference March 9-12, where the regulatory priorities of 2014 were outlined.
When someone mentions the FTC, the EEOC, and the FCRA in the same sentence, it may sound like a ladle of alphabet soup. What’s really being served up is a new joint publication by the Federal Trade Commission and the Equal Employment Opportunity Commission that talks about how the Fair Credit Reporting Act and the mandate to comply with anti-discrimination laws intersect when employers use background checks in personnel decisions.