Fair Credit Reporting Act: Rights and Responsibilities Page: 2 of 13
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Fair Credit Reporting Act: Rights and Responsibilities
The Fair Credit Reporting Act (FCRA) establishes a consumer's rights in relation to his or her
credit report. It also imposes certain responsibilities on those who collect, furnish and use the
information contained in a consumer's credit report. This report discusses a consumer's rights
under the FCRA, as well as the type of information included in a consumer's credit report,
permissible uses for credit reports, disclosure requirements, and requirements for users of
consumer credit reports and furnishers of information. Also addressed are amendments made by
the Fair and Accurate Credit Transactions Act of 2003 to the FCRA aimed at preventing identity
theft and assisting victims.
Congress is currently considering legislation that would amend the FCRA to include provisions
related to data security and information brokers. For information on data security and the
legislative efforts regarding such, see CRS Report RL33273, Data Security: Federal Legislative
Approaches, by Gina Marie Stevens.
Congressional Research Service
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Fair Credit Reporting Act: Rights and Responsibilities, report, May 4, 2007; Washington D.C.. (digital.library.unt.edu/ark:/67531/metadc805926/m1/2/: accessed October 19, 2018), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.