Fair Credit Reporting Act (FCRA)

Definition of "Fair Credit Reporting Act (FCRA)"
  1. A federal law that controls the accuracy, privacy, and usage conditions of consumer credit reports while setting specific procedures for credit reporting agencies and users such as employers and landlords
How to use "Fair Credit Reporting Act (FCRA)" in a sentence
  1. The Fair Credit Reporting Act (FCRA) ensures that all information in a consumer's credit report is accurate and not misused.
  2. Due to the Fair Credit Reporting Act (FCRA), my employer had to follow certain procedures before performing a background check.
  3. The landlord accessed my credit report, violating the Fair Credit Reporting Act (FCRA) as he didn't have my permission.

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