Who enforces the Fair Credit Reporting Act?

The Fair Credit Reporting Act (FCRA) is primarily enforced by the Federal Trade Commission (FTC) along with several other federal agencies. This enforcement structure is in place to ensure that consumer credit information is handled properly, promoting fairness and accuracy in credit reporting practices. The FTC's role involves investigating violations of the FCRA, taking legal action against companies that fail to comply, and educating consumers about their rights under the law.

While other entities, like the Department of Justice, might play a role in certain enforcement actions, the primary responsibility lies with the FTC and other federal agencies, making this answer the most accurate. Additionally, agencies such as the Consumer Financial Protection Bureau (CFPB) also have a role in enforcing aspects of the FCRA, further emphasizing the collaborative effort among multiple federal agencies to uphold consumer protection in credit reporting.