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Fair Credit Reporting Act

What is Fair Credit Reporting Act?

US federal law (FCRA) that regulates the collection, dissemination, and use of consumer credit information to protect privacy and ensure accuracy.

Compliance and Regulatory

Each of these is named in at least one of the same controls as fair credit reporting act. The number is how many controls name both.

What the standards actually require on fair credit reporting act

Requirements naming fair credit reporting act across 3 standards, quoted from the control text.

GLBA1 control

The notice includes the institution's policies and practices on disclosing nonpublic personal information to nonaffiliated third parties other than its agents, consistent with section 502, including the categories of persons to whom information is or may be di...

glba::503(b) · Sec. 503(b) (15 U.S.C. 6803(b)) Contents of the privacy notice →

Iowa Consumer Data Protection Act (ICDPA) enacted as Senate File 262 (SF 262) of the 90th Iowa General Assembly + signed by Governor Kim Reynolds on 28 March 2023 + codified at Iowa Code Chapter 715D. Effective date: 1 January 2025.

ICDPA-Scope-SF262-2023-Kim-Reynolds-IA-Code-715D-Effective-1Jan2025-Applicability-100K-25K-50pct-Utah-Template · Iowa CDPA Scope + Senate File 262 + Governor Kim Reynolds 28 March 2023 + Iowa Code Chapter 715D + Effective 1 January 2025 + Applicability Thresholds + Utah CDPA Template Parent + Exemptions →

Questions people ask about fair credit reporting act

What is Fair Credit Reporting Act?
US federal law (FCRA) that regulates the collection, dissemination, and use of consumer credit information to protect privacy and ensure accuracy.
Why is Fair Credit Reporting Act important for compliance?
Fair Credit Reporting Act is a key concept in Compliance and Regulatory. Understanding fair credit reporting act helps organizations meet regulatory requirements, reduce risk, and demonstrate due diligence during audits. Our compliance platform maps 1,016 frameworks with 316K cross-framework control mappings.
Which compliance frameworks address Fair Credit Reporting Act?
Fair Credit Reporting Act appears in the requirement text of GLBA, Iowa Consumer Data Protection Act, Kentucky Consumer Data Protection Act. Across these standards we have identified 3 controls that name it directly, each linked to the control text on the compliance platform.
Where can I learn more about Fair Credit Reporting Act?
Explore our compliance framework pages to see how fair credit reporting act applies across different standards and regulations. Our implementation guides provide step-by-step guidance, and the compliance platform offers AI-powered analysis of how this concept maps across 1,016 frameworks.

See how Fair Credit Reporting Act applies across compliance frameworks

Our platform maps 1,016 frameworks with 316K cross-framework control mappings. Explore how this concept is addressed across standards.

Written and maintained by Gerard Blokdyk, The Art of Service.