Credit Report on Existing Employee
mhaney
10 Posts
We are a bank and have an employee with some suspicious activity on his account. Our audit dept has requested a current credit report on him. The only thing we have signed is when he was first hired (2003) that gives us authorization to run it. I don't believe we can legally run one without his authorization but wanted to make sure that there wasn't a way we could because of the suspicious activity.
For future, would it be okay to add a clause to the Authorization they sign at hire that we may run one at anytime during their employment?
Thanks for any input
For future, would it be okay to add a clause to the Authorization they sign at hire that we may run one at anytime during their employment?
Thanks for any input
Comments
We are a bank also, and if we saw suspicious activity on an employee's account we would be focusing more on how the account was being used than what their credit report said. They may not have any credit problems that are showing up yet, or the suspicious activity may be linked to something that would never show up on a credit report (I'm thinking of things having to do with drugs, money laundering, check kiting, or other illegal activities).
Well darn it, doesn't that just figure that this person was hired while the old form was still in use!
I have a question for you, as a bank do you do your new hire credit reports in-house, or do you have a third party do them?