Fair Credit Reporting Act (FCRA)
The federal Fair Credit Reporting Act of 1970 was enacted to promote accuracy, fairness, and the privacy of personal information assembled by credit reporting agencies (CRAs) for businesses, including credit card companies, banks, employers, landlords, and others. FCRA provides protections pertaining to things like credit reports, consumer investigatory reports, and employment background checks. It requires CRAs to follow "reasonable procedures" to protect the confidentiality, accuracy, and relevance of credit information. FCRA establishes ?fair information practices? that include rights of data quality (the right to access and correct information); data security; limitations on use; requirements for data destruction; notice requirements; consent; and accountability.