Fair Credit Reporting Act (FCRA)

The Fair Credit Reporting Act (FCRA) is a U.S. law that regulates how consumer credit information is collected, shared, and used. It aims to ensure accuracy, fairness, and privacy in credit reporting. Under the FCRA, consumers have the right to access their credit reports, dispute inaccuracies, and be informed when their credit is used against them. The law also restricts who can access your credit information and for what purposes, such as lending or employment decisions. Overall, it protects consumers' rights and promotes transparency in the credit reporting process.