The Fair Credit Reporting Act is a federal law that governs how companies request and evaluate consumer reports. It was enacted to promote the accuracy, fairness and provacy of consumer information that is contained in a consumer report.
Failure to adhere to the guidelines and requirements of the FCRA could expose a company to significant liability including statutory penalties and civil litigation.
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article