Fair Credit Reporting Act, The
One of the oldest U.S. federal privacy laws still in force today. It was enacted in 1970 to mandate accurate and relevant data collection, give consumers the ability access and correct their information, and limit the use of consumer reports to permissible purposes, such as employment and extension of credit or insurance.
Reference(s) in IAPP Certification Textbooks: F4, 42; US57-64; C123-124; G147; M38
Associated law(s): Fair and Accurate Credit Transactions Act of 2003 (FACTA)