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Fair Credit Reporting Act (Reg V)

Act

Fair Credit Reporting Act (Reg V)

The Fair Credit Reporting Act (FCRA) was passed to ensure the accuracy, fairness, and privacy of information in consumer reports, including credit reports. It primarily regulates how consumer reporting agencies collect, use, and share consumer information but also imposes responsibilities on banks as users of consumer reports and furnishers of information to consumer reporting agencies.

Some FCRA provisions are implements under Regulation V. The CFPB has indicated that it plans to being rulemaking in November 2023.

Statutes

15 U.S.C. 1681

Rules & Regulations

Regulation V (12 C.F.R. 1022)

Staff Analysis

Basics of Certain Provisions of the Fair Credit Reporting Act
July 15, 2025
CFPB Notice Withdrawing Guidance Documents
May 22, 2025
Fall 2024 Unified Regulatory Agenda
January 7, 2025
Proposal Prohibiting Inclusion of Adverse Information in Consumer Reports
April 21, 2022

FCRA Questions from the Hotline

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Agency Guidance

CFPB expects CRAs and furnishers to comply fully with FCRA requirements
September 4, 2013

Exam Procedures

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Policy Library
News

Policy Library

Staff Analysis
Basics of Certain Provisions of the Fair Credit Reporting Act
July 15, 2025
Staff Analysis
CFPB Notice Withdrawing Guidance Documents
May 22, 2025
Comment Letter
Letter to the CFPB on the Coerced Debt ANPR
April 7, 2025
Letter to Congress & Regulators
Joint Trades Letter to the House Energy and Commerce Committee on the Request for Information on Data Privacy
April 4, 2025

News

Article
ABA Regulatory Policy and Compliance Inbox: Just what is reportable under CRA?
July 09, 2025
NewsByte
ABA, associations urge House lawmakers to ban abuse of mortgage trigger leads
June 10, 2025
Article
Compliance question of the month: April 2025
April 21, 2025
Article
Compliance question of the month: March 2025
March 17, 2025

Proposed Rules

Related Training & Events

Identity Theft Red Flags Rule
Self-Paced Training
FCRA Adverse Action
Self-Paced Training
FCRA Affiliate Information Sharing
Self-Paced Training
FCRA Duties of Furnishers
Self-Paced Training

ABA Resources

Guide
ABAWorks on Fraud: Identity Theft Red Flag Regulation
April 29, 2013

In Depth

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Our Experts

Hallee Morgan

Hallee Morgan

Vice President & Senior Counsel, Regulatory Compliance and Policy

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