Fair Credit Reporting Act

Fair Credit Reporting Act
Other short titles	Consumer Credit Protection Act Amendment; Consumer Credit Reporting; Credit Reporting Agencies;
Long title	An Act to amend the Federal Deposit Insurance Act to require insured banks to maintain certain records, to require that certain transactions in U.S. currency be reported to the Department of the Treasury, and for other purposes.
Nicknames	Federal Deposit Insurance Act Amendments
Enacted by	the 91st United States Congress
Effective	October 26, 1970
Citations
Public law	91-508
Statutes at Large	84 Stat. 1114-2 aka 84 Stat. 1127
Codification
Titles amended	12 U.S.C.: Banks and Banking; 15 U.S.C.: Commerce and Trade;
U.S.C. sections amended	12 U.S.C. ch. 16 §§ 1830-1831; 15 U.S.C. ch. 41 § 1681 et seq.;
Legislative history
	Introduced in the House as H.R. 15073 on December 3, 1969; Passed the House on May 25, 1970 (302–0); Signed into law by President Richard Nixon on October 26, 1970;
Major amendments
	Credit CARD Act of 2009
United States Supreme Court cases
	TRW Inc. v. Andrews, 534 U.S. 19 (2001); Safeco Ins. Co. of America v. Burr, 551 U.S. 47 (2007); Spokeo, Inc. v. Robins, No. 13-1339, 578 U.S. ___ (2016); TransUnion LLC v. Ramirez, No. 20-297, 594 U.S. ___ (2021); Department of Agriculture Rural Development Rural Housing Service v. Kirtz, No. 22-846, 601 U.S. ___ (2024);

The Fair Credit Reporting Act (FCRA), 15 U.S.C. § 1681 et seq., is federal legislation enacted to promote the accuracy, fairness, and privacy of consumer information contained in the files of consumer reporting agencies. It was intended to shield consumers from the willful and/or negligent inclusion of erroneous data in their credit reports. To that end, the FCRA regulates the collection, dissemination, and use of consumer information, including consumer credit information. Together with the Fair Debt Collection Practices Act (FDCPA), the FCRA forms the foundation of consumer rights law in the United States. It was originally passed in 1970, and is enforced by the U.S. Federal Trade Commission, the Consumer Financial Protection Bureau, and private litigants.

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