U.s. Fair Credit Reporting Act.

The U.S. Fair Credit Reporting Act (FCRA) is a federal law that regulates credit reporting companies. When companies provide credit reports for applicants who have submitted requests over the Internet, they must ensure the accuracy of their reports and protect the applicants' privacy. This law protects the rights of consumers by allowing them to review their credit files and correct information in their credit profiles.

The following questions have been addressed in this article:

How does the FCRA protect the rights of consumers?
What if the report contains inaccurate information?
Are there time limits within which the CRA must act to investigate whether a report contains inaccurate information?
What happens when inaccurate information is discovered?
Must the consumer contact only the CRA or must the person also contact the party who provided the information to the CRA?


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