FCRA
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What else does FCRA affect besides credit?
Bank deposit accounts, insurance, employment, and child support
CRA
Credit Reporting Agency - are responsible for gathering, processing and archiving credit information on consumers
Red flag requirements
Detection and prevention of identity theft
FCRA
Fair Credit Reporting Act 1971 - purpose is to regulate the consumer credit reporting and related industries to ensure that consumer information is reported in an accurate, timely, and complete manner; to give individuals information when consumer reports are used to evaluate credit applications; and to protect the confidentiality of information
