Tag: FCRA history

While ensuring compliance with the Fair Credit Reporting Act might seem like a hassle for employers and hiring managers alike, it’s important to consider that the FCRA exists to protect us. History and Purpose The law, passed in the 70s, regulates the use of consumer information with the goal of promoting accuracy, fairness, and privacy, […]

ANOTHER BRIEF HISTORY ON THE FAIR CREDIT REPORTING ACT The Fair Credit Reporting Act (FCRA) is a United States federal law that was established in 1970. Comprehensive amendments were made to the FCRA in 1996 and again in 2003 when the Fair and Accurate Credit Transactions Act (FACTA) was created. The FCRA regulates the collection, […]

The FCRA, or Fair Credit Reporting Act, is a law that basically regulates the use of consumer information, including credit information. The law was passed in the early 1970s as a protection to consumers from Consumer Reporting Agencies. Purpose of the FCRA: The Fair Credit Reporting Act (FCRA), Public Law No. 91-508, was enacted in […]