Fair Credit Reporting Act was intended to protect consumers from the willful and/or negligent inclusion of inaccurate information in their credit reports. Fair Credit Reporting Act regulates the collection, dissemination, and use of consumer information, including consumer credit information.
Fair Credit Reporting Act with the Fair Debt Collection Practices Act (FDCPA), the FCRA forms the foundation of consumer rights law in the United States. It was originally passed in 1970,[2] and is enforced by the United States Federal Trade Commission (FTC), the Consumer Financial Protection Bureau and private litigants.