CFPB Advisory Opinion Fair Credit Reporting; Permissible Purposes for Furnishing, Using, and Obtaining

July 07, 2022

The CFPC has issued an Advisory Opinion to highlight the Fair Credit Reporting Act’s permissible purpose requirements that explains that the FCRA’s permissible purpose requirements are consumer specific and that under certain permissible purpose provisions, a consumer reporting agency may not provide a consumer report to a user unless it has reason to believe that all of the consumer report information it includes pertains to the consumer who is the subject of the user’s request.

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