Fair Credit Reporting Act, The

One of the oldest U.S. federal privacy laws still in force today. It was enacted in 1970 to mandate accurate and relevant data collection, give consumers the ability to access and correct their information, and limit the use of consumer reports to permissible purposes, such as employment and extension of credit or insurance.

Link to text of law: The Fair Credit Reporting Act

Acronym(s): FCRA

Associated law(s): Fair and Accurate Credit Transactions Act of 2003 (FACTA)

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