Accurate data is a cornerstone in facilitating the credit reporting process.
When lenders furnish information to the Credit Reporting Agencies (CRAs), the CRAs then collect, store, maintain, and distribute consumers’ credit history. What’s most important, data furnishers and CRAs must comply with the Fair Credit Reporting Act (FCRA) to ensure this is done with accuracy and integrity. When this doesn’t happen, reputation and customer satisfaction are at risk.
This coauthored paper explores what it means to comply with the FCRA while protecting your reputation and customer experience.