Glossary
What is the Fair Credit Reporting Act (FCRA)?
The Fair Credit Reporting Act (FCRA) is a federal law that regulates how consumer reporting information is collected, shared, and used. When a creditor takes adverse action based in whole or part on a consumer report, the FCRA requires specific disclosures, including the reporting agency's identity and the consumer's rights.
FCRA adverse action duties
If a consumer report contributed to a denial or unfavorable terms, the FCRA requires the lender to disclose the consumer reporting agency that provided the report, that the agency did not make the decision, and the consumer's right to a free report and to dispute inaccuracies.
FCRA vs ECOA adverse action
ECOA/Reg B and the FCRA both require adverse action disclosures but for different reasons; a single denial driven by a credit report can trigger both. Combined notices are common, but the content must satisfy each law.
FAQ
FCRA — common questions
Who enforces the FCRA?
The FCRA is enforced by the CFPB and the FTC, with private rights of action available to consumers.
Related
The institution around the intelligence
See Hadrian run your case lifecycle — intake to close, every decision audited.
Governance-native case processing for lenders and regulated teams.