Episode 42 — Financial Privacy: FCRA and FACTA Requirements

Financial data is heavily regulated in the U.S., and two major statutes govern its use: the Fair Credit Reporting Act (FCRA) and the Fair and Accurate Credit Transactions Act (FACTA). In this episode, we examine how FCRA establishes accuracy, permissible purpose, and consumer rights to access and correct information. FACTA builds on this by addressing identity theft and credit reporting practices. Together, they shape how financial institutions and credit bureaus handle consumer data.

We’ll also discuss enforcement, consumer remedies, and how these laws intersect with state privacy frameworks. Exam questions frequently reference these statutes, so understanding their scope and key provisions is vital. Produced by BareMetalCyber.com