The Fair Credit Reporting Act (FCRA) provides individuals with many rights related to the collection and dissemination of their credit history. Here is the second part of a summary of their major rights under the FCRA: Consumer reporting agencies (CRA) may not report outdated negative information. Thus, negative information more…
Category: Fair Credit Reporting Act
The Fair Credit Reporting Act (FCRA) protects consumers by providing them with rights related to the collection and dissemination of their credit history. States may enforce the FCRA, and many states have their own consumer reporting laws. In some cases, individuals may have more rights under state law. Here is…
A 2016, U.S. Supreme Court case, Spokeo v. Robins, in a 6-2 vote, ruled that individuals suing under the Fair Credit Reporting Act must demonstrate “concrete” harm rather than merely allege the existence of a technical legal violation of the statute. This supports the view that simply listing the elements of a statutory claim…
A federal law, the Fair Credit Reporting Act (FCRA), protects consumers by providing them with many rights related to the collection and dissemination of their credit history. If a credit reporting agency (CRA) or other entity violates the FCRA, an individual may suffer some harm, typically economic. Inaccurate information on…
Credit reporting agencies (CRA) collect, process, and archive credit information for 200 million people in the United States. Equifax, Experian, and Transunion, the three primary consumer credit reporting companies, sell this information mainly to facilitate the decisions of businesses that extend credit. However, many consumer rights advocates have doubts about…
