Congress enacted the Fair Credit Reporting Act (FCRA) to provide consumers with important consumer rights regarding the information found in their credit reports. The FCRA also provides consumers a valuable opportunity to correct erroneous or inaccurate information in their reports. Originally passed in 1970, the Fair and Accurate Credit Transactions Act of 2003 made substantial [...]
fcra
The Takeaway: Essentially, a consumer has no rights under the Fair Credit Reporting Act (FCRA) unless he or she actually disputes an inaccurate credit report directly with the credit reporting agency. The Facts: A consumer sued a couple of creditors alleging they misreported her mortgage payments to Experian, Equifax, TransUnion, and Innovis, the four [...]