Why does FCRA compliance matter?

Modified on Thu, 25 Aug, 2022 at 5:02 PM

The Fair Credit Reporting Act is a federal law that governs how companies request and evaluate consumer reports. It was enacted to promote the accuracy, fairness and provacy of consumer information that is contained in a consumer report. 

Failure to adhere to the guidelines and requirements of the FCRA could expose a company to significant liability including statutory penalties and civil litigation.

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