FCRA (Fair Credit Reporting Act)

The Fair Credit Reporting Act (FCRA) is a U.S. law that regulates how credit reporting agencies collect and share information about individuals. It ensures that consumers have the right to access their credit reports, dispute inaccuracies, and be informed if their credit information is used against them, such as in loan applications. The FCRA aims to promote fair and accurate credit reporting practices, protect consumer privacy, and prevent discrimination, helping individuals maintain their financial identities and make informed credit-related decisions.