The Fair Credit Reporting Act (FCRA) was enacted in 1970 as an amendment to the Consumer Credit Protection Act. Its purpose is to improve accuracy, impartiality, privacy, and fairness in credit reporting by imposing special requirements on consumer reporting agencies, companies that supply information to consumer reporting agencies, and companies that use consumer's personal information. Prior to FCRA, credit reports were compiled, and credit scores were determined, largely out of view. Since the enactment of FCRA and its amendments, the credit reporting process is much more transparent, and consumers have been given rights to view their reports and to act to correct errors or prevent identity theft. This professional development online course explores FCRA and its regulatory authority and applicability. Students will understand the significance of its provisions, learn the rights of consumers to protect themselves and their information, and review compliance procedures and concerns under the law.
How it Works This is an online self-paced course that allows you to study the course material independently and at your convenience. Access to a computer with internet access is required. This course is supported on most computing devices, including desktop and laptop computers, tablets and cell phones.