Browse Definitions :
Definition

FCRA (Fair Credit Reporting Act)

FCRA (Fair Credit Reporting Act) is a United States Law that regulates how consumer credit information is collected, used and shared. The Act specifies separate responsibilities for credit reporting agencies (CRAs) and the businesses -- typically creditors -- that furnish them with information used to create consumer credit reports. An amendment to FCRA, FACTA (Fair and Accurate Credit Transaction Act) was created, primarily, to protect consumers from identity theft.

FCRA and FDCPA (Fair Debt Collection Practices Act) are the main laws regulating consumer credit rights in the U.S.

This was last updated in January 2008

Continue Reading About FCRA (Fair Credit Reporting Act)

SearchCompliance
  • compliance risk

    Compliance risk is an organization's potential exposure to legal penalties, financial forfeiture and material loss, resulting ...

  • information governance

    Information governance is a holistic approach to managing corporate information by implementing processes, roles, controls and ...

  • enterprise document management (EDM)

    Enterprise document management (EDM) is a strategy for overseeing an organization's paper and electronic documents so they can be...

SearchSecurity
  • IPsec (Internet Protocol Security)

    IPsec (Internet Protocol Security) is a suite of protocols and algorithms for securing data transmitted over the internet or any ...

  • principle of least privilege (POLP)

    The principle of least privilege (POLP) is a concept in computer security that limits users' access rights to only what are ...

  • biometric authentication

    Biometric authentication is a security process that relies on the unique biological characteristics of individuals to verify they...

SearchHealthIT
SearchDisasterRecovery
  • risk mitigation

    Risk mitigation is a strategy to prepare for and lessen the effects of threats faced by a business.

  • call tree

    A call tree is a layered hierarchical communication model that is used to notify specific individuals of an event and coordinate ...

  • Disaster Recovery as a Service (DRaaS)

    Disaster recovery as a service (DRaaS) is the replication and hosting of physical or virtual servers by a third party to provide ...

SearchStorage
  • cloud storage

    Cloud storage is a service model in which data is transmitted and stored on remote storage systems, where it is maintained, ...

  • cloud testing

    Cloud testing is the process of using the cloud computing resources of a third-party service provider to test software ...

  • storage virtualization

    Storage virtualization is the pooling of physical storage from multiple storage devices into what appears to be a single storage ...

Close