Index
Fair Credit Reporting Act (FCRA)
Summary
Regulates the collection, dissemination, and use of consumer information, including consumer credit information, to ensure accuracy and privacy.
Rights & Rules
- 01.You must be told if information in your file has been used against you.
- 02.You have the right to know what is in your file (file disclosure).
- 03.You have the right to dispute incomplete or inaccurate information.
- 04.Inaccurate, incomplete, or unverifiable information must be corrected or deleted.
Penalties
- 01.Actual damages sustained by the consumer.
- 02.Statutory damages between $100 and $1,000.
- 03.Punitive damages as the court may allow.
- 04.Attorney fees and legal costs.
Verified Citations
Fair Credit Reporting Act
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