• The Effect of Fair Credit Reporting Act

    The Effect of Fair Credit Reporting Act
    January 23, 2009

    There is no better way to say it than what Congress stated in the Fair Credit Reporting Act.
    “The banking system is dependent upon fair and accurate credit reporting.  Inaccurate credit reports directly impair the efficiency of the banking system, and unfair credit reporting methods undermine the public confidence which is essential to the continued functioning [...]