- Home
- Meet the Team
- Log In
- Contact
- Careers
- Search
- Search Results
- Branches & ATMs
- Log In
- About MCU
- Join MCU
- Personal Banking
- Lending
- Loans
- Home Loans
- Conventional Mortgages
- Jumbo Mortgages
- High-Balance Mortgages
- Family Homes, Co-Ops, and Condos
- Investment Property
- ARMs
- Adam Gonda
- Xiang He Lin
- Sabrina Kilgore
- Omar Osoria
- Michele Palmucci
- Cesarina Pena
- Walter Skowronski
- Shantell Wynn
- Homebuyer Dream Program
- Heroes Home Improvement Loan
- Mortgage Center
- Insurance
- Member Resources
- MCU Financials
- Forms and Disclosures
- Privacy Policy
- Automated Telephone Banking
- Order New Checks
- Privacy Notice
- Scholarship Search
- Schedule an Appointment
Fair Credit Reporting Act (FCRA)
A federal law that protects consumers' credit information and gives them the right to access and dispute their credit reports.
More Details
The federal law that aims to protect consumers from identity theft and fraud by providing them with greater access to and control over their credit information is the Fair Credit Reporting Act (FCRA). The FCRA is a federal law that regulates the collection, use, and dissemination of consumer credit information. It requires credit reporting agencies to provide consumers with access to their credit reports and to correct any errors that may be contained in those reports.
Example
You are worried about errors in your credit file but remember that FCRA imposes requirements on credit reporting agencies and creditors to ensure that consumer credit information is accurate and secure.You now have the right to dispute any errors, and credit reporting agencies must now investigate every dispute.
Related Terms
Account Holder
A member with an active account, entitled to the institution's services and responsible for managing their account and transactions.
Disclosure
The act of making information known to the public or to a specific individual or group.
Fair Credit Reporting Act (FCRA)
A federal law that protects consumers' credit information and gives them the right to access and dispute their credit reports.