What is the Fair Credit Reporting Act?

The Fair Credit Reporting Act (FCRA) is the federal law regulating credit reporting companies like Equifax. It has been in effect since 1971. A revised FCRA became effective October 1, 1997. This law protects consumers' rights, such as the right to review and contest information in their credit profiles. It also specifically defines who can access the information in a credit profile, and how you are notified of this activity. You may obtain a copy the FCRA from the Federal Trade Commission.

 

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