Fair Credit Reporting Act (FCRA)

Legislation that regulates both [wex:consumer reporting agencies (CRA)|consumer reporting agencies] and consumer reports. It applies to information reported on individuals concerning their personal lives such as: information collected, used, or expected to be used to evaluate eligibility for credit, insurance,  and employment; assessment of risks and review of consumer accounts; certain government licenses or benefits and determinations regarding child support; other business transactions involving a consumer in his or her role as consumer.