Fair Credit Reporting Act - Furnishers of Information
Those who provide credit information to the Reporting Agencies
Written by J. Mance Gordon
Updated at April 19th, 2024
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Who are Furnishers of Credit Information?
The FCRA places obligations upon creditors who furnish a consumers credit information to a reporting agency. This may include lenders, retailers, collection agencies, etc., that deal with customer credit and report that information to a reporting agency. The FCRA requires that these creditors:
- provide complete and accurate information to the credit reporting agencies;
- investigate consumer disputes received from credit reporting agencies;
- correct, delete, or verify information within 30 days of receipt of a dispute; and inform consumers within one month about negative information that is in the process of or has already been placed on a consumer's credit report.
Note: This normally includes providing notice before and after negative information is reported.
Related Topics
- Consumer Protection Law (Intro)
- What is consumer protection law?
- Cooling Off Rule
- What major federal laws protect consumers?
- What is the Federal Trade Commission
- Enforcement procedures of the FTC?
- Penalties for violating FTC regulations?
- Commercial Practices Prohibited by FTC?
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Unfair Trade Practices
- Predatory Pricing
- Bait & Switch
- Lemon Laws
- Consumer Financial Protection Bureau
- What is the Fair Credit Reporting Act?
- Users of Information?
- Credit Reporting Agency Consumers
- Reporting Agencies?
- Consumer Reporting Agency
- Furnishers of Information?
- Enforcement?
- Truth in Lending Act
- Fair Debt Collection Practices Act
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- Electronic Funds Transfer Act
- Electronic Funds Transfers (EFT)
- Equal Credit Opportunity Act
- Regulation B
- Consumer Credit Protection Act
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Consumer Financial Protection Act
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- Credit Repair Organization Act
- Federal Food, Drug, and Cosmetic Act
- Magnuson-Moss Warranty Act
- Privacy Act of 1974 (Privacy Act)
- Personally Identifiable Information
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