FRS Introduces Next Generation Adverse Action Technology

FRS today introduced AdverseActTM, a powerful, integrated solution for both Consumer Reporting Agencies (CRAs) and HR Professionals to help automate and address each of their Adverse Action Letter reporting and notification requirements. With many carefully-designed features and built-in flexibility, AdverseActTM was created to help meet FCRA reporting compliance regulations and automate most of the adverse action notification requirements. AdverseActTM allows for the generation of “Pre-Adverse Action Disclosure” and “Notice of Adverse Action” letters and can be customized to meet the unique requirements of each client.  It includes total tracking capabilities, along with reporting and billing functionality, as well.

“Our industry has long awaited an answer to assist in significantly reducing the risks associated with governing body compliance such as that mandated by the newly appointed Consumer Financial Protection Bureau CFPB.  With AdverseActTM, we have focused intently on today’s guidance which we believe virtually eliminates the risks associated with non-compliance related to Adverse Action requirements,” said Sam McLamb, Vice President of Business Operations.

Letter content for both the Pre-Adverse and Adverse Action Letters can easily be created, formatted, edited and modified at any time.  After modifying and saving the Action Letter text, a user may revert back to the FRS-supplied sample letter by clicking a Reset button.  Initially, a version of the FCRA Summary of Rights document has been provided and this document may be removed and replaced with a newer version when required. Up to five additional documents may be included that will be printed along with the letter when it is generated.  CRAs also have access to the LegalZoom.com's Adverse Action Letter Guidelines for their review.  They also have the ability to upload logo graphics and return address information for any of their clients’ Adverse Action Letter Report Headings as needed.

Key compliance features include the following:

·         Ability to set the Number of Business Days after the Pre-Adverse Action Letter should be generated per client

·         Quick-Add Buttons, Color-coding and a Checkbox allow CRA users to visually identify when adverse action letters have been assigned to a subject and if a letter has been generated

·         Batch Letter Generation – Adverse Action Letters can be generated in batch mode per their assignment or generated individually per applicant.  

·         Client Self-Service Adverse Action Letters - CRAs may allow Pre-Adverse and Adverse Action Letters to be requested and/or generated at the web by any or all of their clients.

·         Adverse Action Letters Tracking Reports and Adverse Action Dispute Reports are provided as well for full compliance tracking.

·         Extensive Audit Tracking Capabilities are also available.

“With multi-million dollar lawsuits grabbing the headlines every day regarding failure to comply with regulations surrounding pre-adverse and adverse notifications, FRS AdverseActTM will bring much-needed peace of mind and risk mitigation for both CRAs and HR Professionals,” commented Phil Chapman, President of FRS.

About FRS

As the background screening industry's most widely used technology, FRS offers our B2B clients a foundation of rock solid background screening solutions that allow them to attract and maintain top customers who demand accuracy and speed when screening individuals. The FRS suite of technology solutions has been expertly crafted over almost two decades to assist the users of FRS as they cater to their clients whether they are screening prospective employees, current employees, contractors, students or volunteers. FRS offers a comprehensive suite of flexible products and services for consumer reporting agencies (CRA), criminal research specialists (CRS) and provides the proven network that pulls all of the pieces together for their clients, the HR professionals. FRS is Powerful, is Proven and is the Preferred technology solution of the background screening industry. For more information, visit our website at www.frssoftware.com.

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The next generation of antique

Kurt Costello since a collector stamps and currencies at the age of 12 years. At the age of 33 years, Kurt could be the next generation of antique. Some speculate that there is no left antiques, but Kurt thinks that it is another way to look at it. It is important to see the same value when an item is perhaps not something substantial on the market. Kurt is more interested in educating others about their valuables. The internet allows a new and interesting market, a virtual interface, but also affiliate vendor sales allow Kurt to engage in multiple outlets.

Experience and reliability are an important part of any business, but an experience to become a merchant of antiquity is not easy. Grandfather of Kurt sent some Antiquities and he remembers only interesting how it was to know where they came from, read on the manufacturer and the history. Kurt are returned to school to improve his knowledge of antiques and enhance his skills even further, it began assessing a family collection.  The Talley of the Brandywine Valley have in most things was considered modest, but they have been accredited to know one good thing in sight.

Antiques is certainly one of them. The family Collection Talley has parts dating from the late 1700's. Kurt noted that it was more than grateful for the opportunity to gain experience while researching a rare collection of the family.  He said "there were many opportunities to sit down and read from the book history of Talley kept in the family library and conversation would somehow wonder back to Antiquities they could be useful and original".  No sales of any family heirlooms would never place, but once again Kurt re-discovered an old interest.

The goal first to trace the origin of an object or an entity must provide a contextual and circumstantial evidence for its original production or discovery.This practice that has a particular value for helping to authenticate antiques. Philadelphia man has also restored a few pieces of furniture from the Talley family Collection in their efforts to bring some of the antiques of the old farmhouse to precise historical life. All parts were between 50 and 100 years, and the family wanted each restored for preservation purposes.

When it is eating and breathing antiques, however, Kurt love the work. "It is really not any formal education, so I went back to school and have a lot to learn on my own so it may be a few frustrating days," said. "Whether you're a pro or an amateur, the philosophy of Kurt is to be patient. "Kurt was happy to see the part of the public begins away to buy manufactured furniture / new and antiques that they may have inherited or are now redirected worms like pieces of investment".People become very conscious of the value today ' today, "he said. "A Chair that is all broken apart and sitting in a corner somewhere is worth nothing, but if it is restored correctly, it can be worth hundreds or even thousands of dollars."

Not every piece is intrinsically worth restoration, but there is also a sentimental value that would make the process worth it to its owner. If the furniture is valuable or not, restore will lengthen its life, Kurt said and bring it back to its original - or near original - glory. If a piece is new or old, proper care can also keep it as good and works well for years. See the glow of the wood grain emerging through the polished layers hand finish is satisfactory, but it is also glow in the eyes of his clients that he said will keep him in search of art and although antiquities in what should be his retirement. Visit the Web site: breadnbutterantiques.com

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