Definitions for "FCRA"
Keywords:  cra, fair, privacy, accuracy, refrain
Fair Credit Reporting Act. A federal law first passed in the 1970's that promotes accuracy, confidentiality and proper use of information in the files kept by credit reporting agencies. This law specifies the expiration terms of records on your credit report, defines who can access your credit data and grants consumers the right to view and dispute their credit records. You can review all your rights under the FCRA online in our Learning Center.
Fair Credit Reporting Act. A Federal law which requires a lender who is declining a loan request because of adverse credit information to inform the borrower of the source of such information. Fannie Mae (FNMA): See FNMA. (Below)
a federal law that allows individuals to examine and dispute information used by credit reporting agencies