📋FHFA Proposes Rescindment of Applicant Tracking System SORN
Privacy Act of 1974; System of Records
Summary
In accordance with the requirements of the Privacy Act of 1974, as amended, (Privacy Act), and Office of Management Budget (OMB) Circular No. A-108, "Federal Agency Responsibilities for Review, Reporting, and Publication under the Privacy Act," the Federal Housing Finance Agency (FHFA or Agency) proposes to rescind an existing System of Records Notice (SORN). The SORN being rescinded is based on a third- party operated system of records that is no longer maintained by the Agency and has been decommissioned. FHFA-25, Applicant Tracking System was used by FHFA to post and publicize mission critical occupation job openings using FHFA's authority to hire examiners, accountants, economists, and specialists in financial markets and in technology; receive, store, and process resumes, applications, curriculum vitaes, and similar documents received in response to mission critical occupation job openings and recruiting and outreach events; and track applicants for such positions.
Agencies
- Federal Housing Finance Agency
Business Impact
$$ - Med
The proposed rescindment of the Applicant Tracking System (SORN FHFA-25) impacts businesses by shifting applicant management to a government-wide system, affecting compliance and employment initiatives in the housing finance sector. Businesses may need to adjust recruitment practices based on this regulatory change.