FCRA
CIPP/US glossary · Last reviewed: · By Victor Humenhuk (CIPP/US certified)
FCRA - Fair Credit Reporting Act of 1970, the first federal law to regulate private businesses' use of personal information, governing consumer reporting agencies and consumer reports.
In the CIPP/US body of knowledge, FCRA comes up under Chapter 6: State Comprehensive Privacy Laws; Chapter 9: Financial Privacy.
FCRA in context
- passed the ==Fair Credit Reporting Act (FCRA)==, its first national privacy law. (Information Technology and the Rise of Data Protection Law)
- laws differ on consent: ==opt-in== (COPPA parental consent, HIPAA PHI disclosure, FCRA credit report release); ==opt-out== (GLBA third-party transfers, VPPA, CAN-SPAM, Do Not Call); and ==no option== for commonly accepted practices like order fulfillment. (Opt-In, Opt-Out, and No Option)
- Requests have defined response periods and often a right to appeal; FCRA, HIPAA, and the GDPR grant specific access/correction rights. (Responding to User Requests and Consumer Rights)
Where FCRA is covered in the CIPP/US study notes
Related terms
Test yourself on FCRA
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