Fair Credit Reporting Act
A federal law that regulates the use and content of credit reports to protect consumer privacy and ensure the accuracy of the information they contain. The FCRA restricts the information that may be included in a credit report, limits who may request a credit report and how the report may be used, and requires credit reporting agencies and those who use credit reports (such as employers and landlords) to follow specified procedures in dealing with consumers.
Category: Bankruptcy, Foreclosure & Debt → Debt & Collection Agencies
Category: Employment Law & HR → Employee Rights
Category: Employment Law & HR → Human Resources

Nolo’s Plain-English Law Dictionary. . 2009.

Fair Credit Reporting Act
Fair Credit Reporting Act (FCRA)
USA
A federal law regulating collection, dissemination and use of consumer information (15 U.S.C. §§ 1681-1681x). In the employment context, the FCRA limits an employer's use of employee and applicant information provided by consumer reporting agencies. It creates specific notice, disclosure and consent requirements, both related to obtaining information and taking adverse action because of that information. For more information on the FCRA and background checks, see Practice Note, Background Checks and References (www.practicallaw.com/6-500-3948).
Outside of the employment context, the FCRA limits how consumer reports and credit card account numbers can be used and disclosed.
For more information, see Practice Note, US Privacy and Data Laws: Overview: Other Federal Laws: Fair Credit Reporting Act (FCRA) and Fair and Accurate Credit Transactions Act (FACTA) (www.practicallaw.com/6-501-4555).
The FCRA is administered and enforced by the Federal Trade Commission.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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