Feb 24, 2021 | Banking & Finance, BLOG, Staffing
The IRS modified Form 4506-T. The new form will be required by March 2021. Form 4506-C is a superlative employer verification for up to 10 years. The Internal Revenue Service (IRS) administers an income and employer verification solution called Form...
Jul 17, 2019 | Background Investigations, Banking & Finance, BLOG
This article is by TrueCredit: Once you know how to read a credit report, you’ll have a better sense of what to look for. You have a different credit report at each of the 3 national credit bureaus: TransUnion, Experian and Equifax. Each bureau’s report may have...
Jul 12, 2018 | Background Investigations, Banking & Finance, BLOG
What does FINRA do when it comes to background checks? FINRA is the successor to the National Association of Securities Dealers, Inc. and the member regulation, enforcement, and arbitration operations of the New York Stock Exchange. They oversee background checks for...
Jul 5, 2018 | Background Investigations, Banking & Finance, BLOG
How can background checks help banks and financial institutions comply with the Dodd-Frank Act? The Dodd-Frank Act is a United States federal law that gives the government jurisdiction over regulation of the financial industry. Enacted in July 2010, Dodd-Frank created...
Jun 29, 2018 | Background Investigations, Banking & Finance, BLOG
How can a bank protect customer information? An excellent way to ensure the security of financial, proprietary, and customer information is to conduct thorough background checks on all potential hires and current employees. It’s important to verify that new hires have...
Jun 28, 2018 | Background Investigations, Banking & Finance, BLOG
Can you use a credit report in a background investigation? It is possible to use credit reports in background investigations. According to a study by the Society for Human Resources Management, 47% of businesses use credit reporting in their background checks for at...
