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ABA: The American Bankers Association
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Fair Credit Reporting Act (Reg V)

FCRA is intended to ensure consumer reports are accurate and used for permissible purposes. It creates consumer protections and rights and imposes responsibilities on banks as users of consumer reports and entities furnishing information to the consumer reporting agencies. It also imposes on banks responsibility to prevent identify theft.

Some FCRA provisions are implemented under Regulation V. FCRA is under Congressional review, especially in light of the 2017 Equifax breach.

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Nessa Feddis

Nessa E. Feddis

SVP & Senior Counsel, Consumer Regulations and Compliance Solutions

Compliance

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Diana Banks

Vice President and Senior Counsel, Fair & Responsible Banking

Regulatory Compliance

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