The Fair Credit Reporting Act (FCRA) is a United States federal law (codified at 15 U.S.C. ยง 1681 et seq.) that regulates the collection, dissemination, and use of consumer information, including consumer credit information. Along with the Fair Debt Collection Practices Act (FDCPA), it forms the base of consumer credit rights in the United States. It was originally passed in 1970, and is enforced by the US Federal Trade Commission and private litigants.
Read more about Fair Credit Reporting Act: History, Consumer Reporting Agencies, Nationwide Specialty Consumer Reporting Agencies, Information Furnishers, Users of The Information For Credit, Insurance, or Employment Purposes, Likelihood of Errors On A Credit Report, Civil Liability For Willful or Negligent Violations of The FCRA, Which Companies Are Regulated By The FCRA?
Famous quotes containing the words fair, credit, reporting and/or act:
“Revels, dances, masques, and merry hours
Forerun fair love, strewing her way with flowers.”
—William Shakespeare (1564–1616)
“To act the part of a true friend requires more conscientious feeling than to fill with credit and complacency any other station or capacity in social life.”
—Sarah Ellis (1812–1872)
“I have been reporting club meetings for four years and I am tired of hearing reviews of the books I was brought up on. I am tired of amateur performances at occasions announced to be for purposes either of enjoyment or improvement. I am tired of suffering under the pretense of acquiring culture. I am tired of hearing the word “culture” used so wantonly. I am tired of essays that let no guilty author escape quotation.”
—Josephine Woodward, U.S. author. As quoted in Everyone Was Brave, ch. 3, by William L. O’Neill (1969)
“The only ones who are really grateful for the war are the wild ducks, such a lot of them in the marshes of the Rhone and so peaceful ... because all the shot-guns have been taken away completely taken away and nobody can shoot with them nobody at all and the wild ducks are very content. They act as of they had never been shot at, never, it is so easy to form old habits again, so very easy.”
—Gertrude Stein (1874–1946)