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Publication | BRG

Reintroduction to FCRA

Michael Canale, John DelPonti, Laura Gudaitus, and Emily Ness

March 21, 2022

The Fair Credit Reporting Act (FCRA) continues to be a hot topic for financial institutions, consumers, regulators, and even legislators.

Enacted in 1970, FCRA ensures the accuracy, integrity, fairness, and privacy of information in consumer credit bureaus. The Federal Trade Commission and Consumer Financial Protection Bureau enforce FCRA, which regulates obtaining and using consumer reports, sharing information among affiliates, disclosures to consumers, consumer alerts and ID theft, and—most important—the duties of furnishers and users of consumer reports.

In this paper, Michael Canale, John DelPonti, Laura Gudaitus, and Emily Ness discuss increased scrutiny around CARES Act compliance and the recent legislative focus on the accuracy of credit reporting data.

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Michael Canale

Managing Director

New York

John DelPonti

Managing Director

Washington, DC
LG

Laura Gudaitus

Associate Director

New York