Legislative Alert: FCRA to be a Hot Topic on Capitol Hill after the Recess [Video]
- FCRA Topic of Discussion in the House This Fall
- New Study Could Take a Bite Out of Medical Marijuana Arguments
- Easier for Ex-Cons to Rent in Seattle?
FCRA Topic of Discussion in the House This Fall
When Congress returns from its August recess, lawmakers will begin discussions on whether damages awarded for violations of the Fair Credit Reporting Act (FCRA) should be limited. Georgia Representative Barry Loudermilk (R) proposed the FCRA Liability Harmonization Act back in May. It seeks to cap awards for plaintiffs in class action lawsuits at $500,000, or 1% of the company’s net worth. Rep. Loudermilk says he believes frivolous lawsuits that tie employers up for years hurt not only the company, but their employees and customers, as well. Twelve organizations in the consumer financial services arena – including the National Association of Professional Background Screeners – signed a letter to lawmakers explaining how unlimited damages have led companies to settle cases where the alleged violations caused little or no harm because the risk of an excessive damage award was just too great.
New Study Could Take a Bite Out of Medical Marijuana Arguments
The Motley Fool website called a new marijuana study, “the worst news for marijuana stocks since Jeff Session’s appointment!” The study published in the European Journal of Preventative Cardiology claims that marijuana could be worse for your cardiovascular health than smoking cigarettes. The team from Georgia State University that conducted the research found that marijuana users were more than 3 times more likely to die from hypertension than non-users. This could be a thorn in the side of marijuana advocates who use the so-called “safety” of the drug as a reason for legalization.
Easier for Ex-Cons to Rent in Seattle?
On August 14th, the city of Seattle passed the Fair Chance Housing ordinance. This new law prohibits landlords from asking prospective renters about their criminal history. They are also forbidden from conducting criminal background checks on applicants or from charging higher rent or security deposits to those with known criminal records. Obviously the goal is to make sure people are not continuously punished after serving their debt to society, but many landlords are reportedly selling their properties because they do not want to take on the risk. Landlords who violate this new ordinance will face stiff penalties including thousands of dollars in fines, damages and rent credits. Violators will also have to attend anti-bias training courses.