The Fair Credit Reporting Act
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The Fair Credit Reporting Act (FCRA) is a federal law designed to protect the integrity and privacy of your credit information. The FCRA does this by imposing rules on how a credit reporting agency (CRA) can report information about your credit. It also imposes restrictions, and obligations, on the creditors and others (called the furnishers) that provide information about you to the CRAs.
It's important to understand what the FCRA requires and prohibits so that you can ensure that your credit report is accurate. It's equally important to know what you can do if a CRA or a creditor violates your rights under the FCRA.