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Knowledgebase Home | Favorites | Forum Welcome to our knowledge base. To find what you're after, use the search box below or choose a category to view listed articles. Search the Knowledgebase Browse by Category [Advanced Search] -- Select Category -- Credit MythbustersLoans    - Personal Loans    - Auto Loans    - Home Loans    - Student LoansCredit CardsCredit Reports and ScoresCredit Report CardIdentity TheftDebt HelpConsumer Law Guide    - College Cost Reduction and Access Act    - Credit Card Accountability Responsibility and Disclosure Act (CARD Act)     - Credit Repair Organizations Act (CROA)    - Equal Credit Opportunity Act (ECOA)    - Fair and Accurate Credit Transactions Act (FACTA)    - Fair Credit Reporting Act (FCRA)    - Fair Debt Collection Practices Act    - Overdraft Rules for Debit and ATM CardsCustomer Support The article has been updated successfully. Knowledgebase Home > Credit Reports and Scores Knowledgebase Home > Consumer Law Guide Knowledgebase Home > Consumer Law Guide > Fair Credit Reporting Act (FCRA) What is the Fair Credit Reporting Act (FCRA)? Article Details Last Updated 18th of May, 2010 Would you like to... Discuss Print this page Email this page Post a comment Subscribe me Add to favorites Remove Highlighting Edit this Article Quick Edit Export to PDF User Opinions (4 votes) 75% 25% How would you rate this answer? Helpful Not helpful Help us improve. Why was this unhelpful? Thank you for rating this answer. The Fair Credit Reporting Act (FCRA) is the federal law that regulates how consumer credit reporting agencies can use your credit information and what measures they must take to protect this information. It defines when they can disclose your credit information and under what circumstances. Read the full Act and its provisions. The FCRA went into effect in 1971 and was designed to ensure that consumer reporting agencies, or CRAs, “furnish correct and complete information to businesses to use when evaluating your application.” To help ensure the information is correct and complete, the Act ensures that consumers can check their own reports and make changes to them, if necessary. The Federal Trade Commission is the enforcement arm of the FCRA. The FTC can bring action against credit bureaus, lenders, and collection agencies if they believe there is a violation of the FCRA. Read about your rights under the FCRA. Not sure where you stand credit-wise? Check your reports and scores online today! Related Articles What government agencies regulate credit bureaus? What is “permissible purpose”? What are my rights under the Fair Credit Reporting Act (FCRA)? Can you explain the following terms: "unwanted credit checks or inquiries" and "permissible purpose under the Fair Credit Reporting Act (FCRA)"? What is FACTA? Continue