Which act allows a person to dispute errors in their credit report?

The Fair Credit Reporting Act (FCRA) is the legislation that empowers individuals to dispute inaccuracies in their credit reports. This law was enacted to promote the accuracy, fairness, and privacy of information in the files of consumer reporting agencies. Under the FCRA, consumers have the right to request a correction of any errors found on their credit reports, ensuring that their financial histories are accurately represented. Additionally, the act outlines the procedures for consumers to challenge incorrect information, which must then be investigated by the reporting agency.

In contrast, the Fair Debt Collection Practices Act primarily regulates third-party debt collectors and focuses on preventing abusive practices in debt collection rather than on credit reporting. The Truth in Lending Act aims to promote informed use of consumer credit by requiring clear disclosure of key terms of lending arrangements. Lastly, the Consumer Protection Act generally addresses broader consumer protection issues and may encompass various topics beyond credit reporting.