Compliance
FCRA (Fair Credit Reporting Act)
The Fair Credit Reporting Act is the federal law that governs the accuracy, fairness, and privacy of information in consumer credit reports. It sets obligations for furnishers of data — including collectors that report accounts — to investigate disputes and correct inaccurate information.
What FCRA (Fair Credit Reporting Act) means for creditors
Anytime an account is reported, the FCRA applies. MSB's dispute-investigation and correction processes meet FCRA furnisher obligations, protecting clients from reporting-related claims.
Legal reference: 15 U.S.C. § 1681 et seq.
Midwest Service Bureau has recovered commercial, medical, utility, and government debt for creditors nationwide since 1970 — on a no-recovery, no-fee basis. Questions about fcra (fair credit reporting act) or a portfolio you'd like reviewed? Call (800) 362-0272.
Related terms
Ready to Improve Your Debt Recovery?
Contact us today for a free consultation and learn how MSB can help your organization recover more with our proven collection strategies.