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Credit Reporting

Credit Reporting

The Fair Credit Reporting Act promotes the accuracy, fairness, and privacy of information in the files of consumer reporting agencies (CRAs). To ensure compliance, the agency pursues an aggressive enforcement program aimed at the main players in the consumer reporting system – CRAs, those who send them information, and consumer report users. The FTC has sued CRAs, charged companies with furnishing inaccurate information to CRAs, and charged users of consumer reports with failing to notify consumers when they make negative decisions about them based on a consumer report.

BoostMyScore LLC
(May 6, 2022 )
Vivint Smart Home, Inc.
(April 29, 2021 )
AppFolio, Inc.
(December 8, 2020 )
Midwest Recovery Systems, LLC
(November 30, 2020 )
MyLife.com, Inc.
(July 27, 2020 )
Kohl's Department Stores, Inc.
(June 10, 2020 )
Credit Bureau Center, LLC (formerly known as MyScore LLC)
(April 6, 2020 )
Mortgage Solutions FCS, Inc.
(January 7, 2020 )
Jasjit Gotra (Alliance Security)
(August 14, 2019 )
Equifax, Inc.
(July 31, 2019 )
RealPage, Inc.
(October 16, 2018 )
Tracers Information Specialists, Inc.
(June 10, 2016 )
Credit Protection Association
(May 9, 2016 )
Sprint Corporation (Sprint ASL Program)
(October 21, 2015 )
Tricolor Auto Acceptance, LLC
(September 17, 2015 )
Sitesearch Corporation, Doing Business As LeapLab
(December 23, 2014 )
Instant Checkmate, Inc.
(April 9, 2014 )
Infotrack Information Services, Inc., et al.
(April 9, 2014 )
TeleCheck Services, Inc.
(January 16, 2014 )
Time Warner Cable Inc.
(December 19, 2013 )

FTC Joins Amicus Brief Opposing Liability Shield for Sloppy Credit Reports
(May 6, 2022 )
Lead Generator that Deceptively Solicited Loan Applications from Millions of Consumers and Indiscriminately Shared Sensitive Info Agrees to Pay $1.5 Million FTC Penalty
(January 7, 2022 )
FTC, DOJ Obtain Ban on Negative Option Marketing and $21 Million for Consumers Deceived by Background Report Provider MyLife
(December 16, 2021 )
FTC Chair and CFPB Director Issue Joint Statement on Amicus Brief filed in Henderson v. The Source for Public Data, L.P.
(October 14, 2021 )
FTC Approves Changes to Five FCRA Rules
(September 8, 2021 )
Smart Home Monitoring Company Vivint Will Pay $20 Million to Settle FTC Charges That It Misused Consumer Credit Reports
(April 29, 2021 )
Tenant Background Report Provider Settles FTC Allegations that it Failed to Follow Accuracy Requirements for Screening Reports
(December 8, 2020 )
FTC Seeks Comment on Changes, Effectiveness of Five FCRA Rules
(August 24, 2020 )
FTC Alleges California Purveyor of Background Reports Misled Consumers To Think its Reports on Individuals Might Contain Criminal and Other Records
(July 27, 2020 )
FTC Reaches Settlement with Kohl’s over Allegations it Failed to Provide Victims with Information Related to Identity Theft
(June 10, 2020 )
FTC Updates Congress on Efforts to Educate Consumers about Their FCRA Rights
(May 5, 2020 )
FTC, CFPB Extend the Deadline to Submit Comments on Accuracy in Consumer Reporting until January 31
(December 20, 2019 )
FTC and CFPB to Co-Host Workshop on Accuracy in Consumer Reporting
(December 9, 2019 )
FTC Announces Panels for FTC-CFPB Workshop on Accuracy in Consumer Reporting
(December 3, 2019 )
Military Service Members Can Obtain Free Credit Monitoring Starting on October 31
(October 31, 2019 )
FTC and CFPB to Host December Workshop on Accuracy in Consumer Reporting
(September 19, 2019 )
FTC Encourages Consumers to Opt for Free Credit Monitoring, as part of Equifax Settlement
(July 31, 2019 )
Equifax to Pay $575 Million as Part of Settlement with FTC, CFPB, and States Related to 2017 Data Breach
(July 22, 2019 )
FTC Announces Final Rule Implementing Law Providing Free Credit Monitoring for Active Duty Military Consumers
(June 24, 2019 )
FTC Describes its Oversight of Consumer Reporting Agencies’ Data Security Practices In Testimony before House Oversight and Reform Subcommittee
(March 26, 2019 )

FTC says credit repair business doubled as a pyramid scheme
(May 31, 2022)
FTC alleges “The Credit Game” broke the rules governing credit repair
(May 5, 2022)
FTC says Dun & Bradstreet deceived small businesses about services and pricing
(January 13, 2022)
Updating you on FTC privacy and data security initiatives
(May 25, 2021)
$20 million settlement with smart home company Vivint shuts the door on a different form of identity deception
(April 29, 2021)
Aiming for truth, fairness, and equity in your company’s use of AI
(April 19, 2021)
FTC’s AppFolio case: The Fair Credit Reporting Act does more than just abide
(December 8, 2020)
Setting the debt parking brake
(November 30, 2020)
50 years of the FCRA
(October 27, 2020)
Whose life?! MyLife charged with creating misleading background reports
(July 27, 2020)
FTC says Kohl’s didn’t honor rights of identity theft victims
(June 10, 2020)
Using Artificial Intelligence and Algorithms
(April 8, 2020)
FTC’s Privacy & Data Security Update for 2019 – and how you can use it
(February 25, 2020)
Consumer reviews: The FCRA upshot of fighting ire with fire
(January 14, 2020)
FTC consumer protection year in review offers 2020 vision for your business
(January 8, 2020)
Commenting on accuracy in consumer reporting? Take a breather.
(December 30, 2019)
Accuracy in credit and background screening reports: Watch the webcast
(December 10, 2019)
Panels announced for December 10th FTC-CFPB Accuracy in Consumer Reporting workshop
(December 3, 2019)
FTC-CFPB workshop looks at accuracy in credit and background screening reports
(September 19, 2019)
$575 million Equifax settlement illustrates security basics for your business
(July 22, 2019)

Accuracy in Consumer Reporting Workshop
December 10, 2019
Navajo Consumer Credit Seminar and Roundtable
April 17, 2015
Spring Privacy Series: Alternative Scoring Products
March 19, 2014
Life of a Debt: Data Integrity in Debt Collection
June 6, 2013
Roundtable on Methodologies for Assessing Accuracy and Completeness of Credit Reports
June 30, 2004

Dissenting Statement of Commissioner Rohit Chopra Regarding AppFolio
(December 8, 2020 )
Concurring Statement of Commissioner Rebecca Kelly Slaughter In the Matter of AppFolio, Inc.
(December 8, 2020 )
Opening Remarks of Chairman Joseph Simons at FTC Equifax Press Conference
(July 22, 2019 )
Statement of Commissioner Rebecca Kelly Slaughter In the Matter of FTC vs. Equifax, Inc.
(July 22, 2019 )
Closing Keynote Remarks of Commissioner Terrell McSweeny
(September 14, 2017 )
Opening Remarks of Commissioner Terrell McSweeny at FTC FinTech Series
(October 26, 2016 )
Senate Commerce Committee: Hearing on Oversight of the FTC
(September 27, 2016 )
Opening Remarks of Commissioner Terrell McSweeny
(September 22, 2016 )
2015 Privacy and Data Security Update
(January 28, 2016 )
Safe – and, or, versus – Sorry: How the Federal Trade Commission Approaches Consumer Protection – Keynote before the TACD 16th Annual Forum – The Precautionary Principle in TTIP: Trade Barrier or Essential for Consumer Protection?
(January 26, 2016 )
Transparency, Trust, and Consumer Protection in a Complex World – Keynote Address Before Coalition for Networked Information Fall 2015 Membership Meeting
(December 15, 2015 )
Project GOAL – Internet Safety for Older Adults: Challenges and Solutions - Keynote Remarks
(February 10, 2015 )
Remarks of Chairwoman Edith Ramirez Introducing President Obama
(January 12, 2015 )
Remarks for the Identity Theft Resource Center
(October 29, 2014 )
Comment Filed By Jessica Rich, Discussing How Developments In "Big Data" Affect Consumer Privacy and the Interests Reflected in the Administration's Consumer Privacy Bill of Rights
(August 1, 2014 )
Comment Filed By Jessica Rich, Discussing How Developments In "Big Data" Affect Consumer Privacy and the Interests Reflected in the Administration's Consumer Privacy Bill of Rights
(August 1, 2014 )
FTC Policy Statement on Deception
(October 14, 1983 )

Section 603(k): Definition of "adverse action"
(June 28, 2001 )
Section 615(a): Required notice of adverse action based on a consumer report
(June 28, 2001 )
Section 604(a)(3)(A): Credit transaction
(June 22, 2001 )
Section 604(a)(2): Written authorization of consumer
(May 24, 2001 )
Section 609: Disclosures to consumers
(August 8, 2000 )
Section 623(b): Duty of furnishers to investigate consumer disputes
(August 1, 2000 )
Section 603(g): Definition of "file"
(August 1, 2000 )
Section 609(a)(3): Identification of recipients
(August 1, 2000 )
Section 612: Charges for disclosures
(August 1, 2000 )
Section 611(a): Investigation of consumer disputes by CRAs
(August 1, 2000 )
Section 604(a)(3)(F): Legitimate business need
(July 26, 2000 )
Section 603(d)(1): Definition of "consumer report" (general)
(July 26, 2000 )
Section 616-617: Civil liability
(July 6, 2000 )
Section 609(a)(1): Information to be disclosed
(June 30, 2000 )
Section 604(a)(3)(C): Underwriting of insurance
(March 1, 2000 )
Section 623(a)(1): Duty of furnishers to provide accurate information
(February 15, 2000 )
Section 623(a)(5): Duty of furnishers to provide date of delinquency on charge-off, collection or similar accounts
(February 15, 2000 )
Section 605(a)(4): Section 605(c) Time limits: Charge-off and collection accounts
(February 15, 2000 )
Section 623(a)(2): Duty of furnishers to correct and update information
(February 15, 2000 )
Section 605(a)(5): Time limits: Reporting adverse information (general)
(December 16, 1999 )

Privacy & Data Security Update (2016)
(January 19, 2017 )
Privacy & Data Security Update (2015)
(January 25, 2016 )
Big Data: A Tool for Inclusion or Exclusion? Understanding the Issues (FTC Report)
(January 6, 2016 )
Privacy & Data Security Update (2014)
(January 27, 2015 )
Section 319 of the Fair and Accurate Credit Transactions Act of 2003: Sixth Interim and Final Federal Trade Commission Report to Congress Concerning the Accuracy of Information in Credit Reports
(January 21, 2015 )
Privacy & Data Security Update (2013)
(June 24, 2014 )
Data Brokers: A Call For Transparency and Accountability: A Report of the Federal Trade Commission (May 2014)
(May 27, 2014 )
Section 319 of the Fair and Accurate Credit Transactions Act of 2003: Fifth Interim Federal Trade Commission Report to Congress Concerning the Accuracy of Information in Credit Reports
(December 1, 2012 )
Using FACTA Remedies: An FTC Staff Report on a Survey of Identity Theft Victims
(March 1, 2012 )
Protecting Consumer Privacy in an Era of Rapid Change: Recommendations For Businesses and Policymakers
(March 1, 2012 )
40 Years of Experience with the Fair Credit Reporting Act: An FTC Staff Report with Summary of Interpretations
(July 1, 2011 )
Section 319 of the Fair and Accurate Credit Transactions Act of 2003: Fourth Interim Federal Trade Commission Report to Congress Concerning the Accuracy of Information in Credit Reports
(January 1, 2011 )
Section 611(e) of the Fair Credit Reporting Act: Federal Trade Commission Program Referring Consumer Complaints About Possible Act Violations To The Three Nationwide Consumer Reporting Agencies, and Securing Complaint Resolution Information From Them:
(December 29, 2008 )
Section 319 of the Fair and Accurate Credit Transactions Act of 2003: Third Interim Federal Trade Commission Report to Congress Concerning the Accuracy of Information in Credit Reports
(December 1, 2008 )
Second Interim Report of the Federal Trade Commission to Congress Under Section 319 of the Fair and Accurate Credit Transactions Act of 2006
(December 1, 2006 )
Federal Trade Commission and Board of Governors of the Federal Reserve System Report to Congress on the Fair Credit Reporting Act Dispute Process
(August 1, 2006 )
Under Section 318 and 319 of the Fair and Accurate Credit Transaction Act of 2003
(December 31, 2004 )

Moran v. The Screening Pros LLC
(October 4, 2013 )

Consumer Reports: What Information Furnishers Need to Know
(January 13, 2021 )
Businesses Must Provide Victims and Law Enforcement with Transaction Records Relating to Identity Theft
(May 18, 2017 )
Consumer Reports: What Insurers Need to Know
(November 9, 2016 )
Using Consumer Reports for Credit Decisions: What to Know About Adverse Action and Risk-Based Pricing Notices
(November 9, 2016 )
Using Consumer Reports: What Employers Need to Know
(October 31, 2016 )
Using Consumer Reports: What Landlords Need to Know
(October 19, 2016 )
What Tenant Background Screening Companies Need to Know About the Fair Credit Reporting Act
(October 19, 2016 )
What Employment Background Screening Companies Need to Know About the Fair Credit Reporting Act
(April 14, 2016 )
Background Checks: What Employers Need to Know
(February 10, 2014 )
Disposing of Consumer Report Information? Rule Tells How
(June 2, 2005 )

Senate Commerce Committee: Hearing on Oversight of the FTC
(September 27, 2016 )

Accuracy in Consumer Reporting Workshop (Session 1)

December 10, 2019

Accuracy in Consumer Reporting Workshop (Session 2)

December 10, 2019

FTC Press Conference on Equifax Settlement

July 22, 2019

Your Source for a Truly Free Credit Report? AnnualCreditReport.com

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