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Federal regulators fined credit-reporting agency TransUnion a total of $23 million for tenant screening and security freeze failures on Thursday. The Consumer Financial Protection Bureau and the ...
Most landlords rely on a tenant screening company to produce a tenant screening report - to compile relevant credit, [1] public records and other information needed to adequately vet prospective tenants. Information gleaned from the application, tenant screening report, and the landlord's research is used to arrive at a decision based on the ...
In October 2023, for example, the FTC sued TransUnion, a credit reporting agency, alleging that it failed to ensure the accuracy of eviction information in tenant screening reports it provided to ...
Feb. 12—A new law regulating tenant screening fees, in an effort to protect renters and provide more transparency in the rental application process, will take effect May 1. A new law regulating ...
When an eviction is filed in the court system, this record becomes available to landlords. Landlords can look up the records of prospective renters through a tenant screening report. [1] Through this screening, landlords can find information about prospective tenants' criminal backgrounds, credit scores, and eviction history.
[citation needed] Credit inquiries that were made by the consumer (such as pulling a credit report for personal use), by an employer (for employee verification), or by companies initiating pre-screened offers of credit or insurance do not have any impact on a credit score: these are called "soft inquiries" or "soft pulls", and do not appear on ...
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