The Fair Credit Reporting Act is a cornerstone of consumer protection legislation, designed to ensure the accuracy, fairness, and privacy of information in the files of consumer reporting agencies. For furnishers of credit information—from national banks to fintech companies—the Act imposes specific obligations to report complete and accurate consumer information. However, the recent surge in Fair Credit Reporting Act lawsuits filed by consumers highlights the challenges furnishers face in navigating these legal waters.

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About the authors
Tomio Narita
Jeffrey Topor