CIPP/C Practice Exam 2025 – Complete Study Resource for Certification

The Fair Credit Reporting Act (FCRA) is the law that mandates accurate data collection and provides consumers the right to access their information in the United States. The FCRA was enacted to ensure that consumer reporting agencies adhere to strict guidelines regarding the accuracy and privacy of consumer data. It establishes the framework for how consumer credit information can be collected, disseminated, and used, ensuring that individuals have the right to access their credit reports, dispute inaccuracies, and be informed when their data is used against them in decisions, such as loan applications.

This legislative framework is crucial as it aims to protect consumer rights in relation to credit reporting, which is a significant aspect of personal financial information. The ability to access one’s information under this law is a fundamental consumer right intended to empower individuals to maintain control over their personal data and ensure its accuracy in financial reporting.

In contrast, the other laws mentioned may govern aspects of data protection and privacy but do not specifically focus on the accurate collection of consumer data and access rights in the same context as the FCRA.