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What is the Fair Credit Reporting Act or FCRA?

April 26, 2017ACT credit fair FCRA

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What is the Fair Credit Reporting Act or FCRA?

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FCRA is federal law intended to protect the consumer through regulation of the credit reporting agencies and those who use credit reports. (FCRA can be found at 15 U.S.C. § 1681 and following sections.) Most states have also passed legislation mirroring FCRA, which can provide additional safeguards. The following information will focus only on Arizona’s laws regulating credit reporting agencies.