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CFPB Market Snapshot Provides Overview of Background Check Industry

On Oct. 3, 2019, the Consumer Financial Protection Bureau (CFPB), the agency enforcing federal consumer financial laws, released their background screening report snapshot, which provides an overview of companies involved in the background screening industry. The CFPB acknowledges three critical drivers of growth: increased demand due to improvements in the labor market, the decline in rental vacancy rates, and expanded online services.   The CFPB report focuses on screenings that […]

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What is the CFPB and why does it matter to the background check industry?

by Thomas Wright, Satisfaction Executive SELECTiON.COM® The Consumer Financial Protection Bureau (CFPB) has been in the news a lot recently with its first and only director, former Ohio Attorney General Richard Cordray, stepping down the day after Thanksgiving and announcing his intent to run for Ohio Governor. Created in large part because of the 2008 […]