Fair Credit Reporting Act
The Fair Credit Reporting Act (FCRA) governs the activities of credit bureaus and creditors. Among other things, the FCRA requires:
- Creditors to furnish accurate and complete information regarding your credit history.
- Credit bureaus to investigate if you dispute an entry on your credit report. If your claim is valid, your report must be corrected.
- That only people with a legitimate business purpose can obtain a copy of your credit report.
If you suspect a credit bureau is not complying with any of these laws, complain directly to the credit bureau. They may correct the problem. If not, contact the Consumer Financial Protection Bureau.