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What is Fair Credit Reporting Act mean?
The Fair Credit Reporting Act (FCRA), 15 U.S.C. § 1681, is U.S. Federal Government legislation enacted to promote the accuracy, fairness, and privacy of consumer information contained in the files of consumer reporting agencies. It was intended to protect consumers from the willful and/or negligent inclusion of inaccurate information in their credit reports. To that end, the FCRA regulates the collection, dissemination, and use of consumer information, including consumer credit information. Together with the Fair Debt Collection Practices Act (FDCPA), the FCRA forms the foundation of consumer rights law in the United States. It was originally passed in 1970, and is enforced by the US Federal Trade Commission, the Consumer Financial Protection Bureau and private litigants.
referenceFull Form | Category |
---|---|
Fellow of The Corporation of Registered Accountants | Accounts and Finance |
Family Credit Resources of America | Business |
Florida Cancer Registrars Association | Business |
Fair Credit Reporting Act | Business |
Federation des Clubs Renault et Alpine | General |
Federal Credit Reform Act | Governmental |
Foreign Contribution Regulatory Act | Governmental |
Federal Credit Reporting Act | Governmental |
Foreign Contribution Rules Act | Governmental |
Foreign Country Regulatory Act | Governmental |
Foreign Contribution Regulation Act | Indian Ministry of Home Affairs Organization |
Fecal Collection Receptacle Assembly | Space Science |
Posted on 11 Nov 2024, this text provides information on Miscellaneous in Business related to Business. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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