FTC Updates Congress on Efforts to Educate Consumers about Their FCRA Rights

The Federal Trade Commission has submitted a report to Congress updating lawmakers on the agencys efforts to educate consumers about their rights to dispute and correct errors in their credit reports.

Metadata
Provider: 
FTCFTC
URL: 
https://www.ftc.gov/news-events/press-releases/2020/05/ftc-updates-congress-efforts-educate-consumers-about-their-fcrahttps://www.ftc.gov/news-events/press-releases/2020/05/ftc-updates-congress-efforts-educate-consumers-about-their-fcra
Retrieved on: 
Tuesday, May 5, 2020
Information
Tags: 
Finance, Economy, Money, United States federal banking legislation, Credit, Fair Credit Reporting Act, Federal Trade Commission, Tenant screening
Summary
Key Points: 
  • The Federal Trade Commission has submitted a report to Congress updating lawmakers on the agencys efforts to educate consumers about their rights to dispute and correct errors in their credit reports.
  • Lawmakers requested the reportas part of the fiscal year 2020 spending bill that funds the FTC and other federal agencies.
  • Under the Fair Credit Reporting Act (FCRA), consumer reporting agencies must have reasonable procedures to ensure the accuracy of consumers reports and give consumers the ability to dispute and correct errors.
  • Like the FTC on Facebook, follow us on Twitter, read our blogs, and subscribe to press releases for the latest FTC news and resources.
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