https://www.ftc.gov/legal-library/browse/statutes/fair-credit-reporting-act is a U.S. federal law regulating consumer credit information collection, dissemination, and use by consumer reporting agencies. Understanding the FCRA is vital for organizations directly utilizing consumer credit information and individuals who want to exercise their rights over their personal credit information.

Passed in 1970, the FCRA is a consumer protection law that promotes the accuracy and ensures thehttps://www.upguard.com/blog/information-security in consumer credit reports while protecting consumer rights in credit reporting.

The other major components of the FCRA involve organizations that handle consumer credit information, including credit reporting agencies (CRAs).

Just like any other business, organizations that use consumer credit information often work withhttps://www.upguard.com/blog/third-party-vendor who may process or handle consumer data.

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