15 USC 1681

FCRA Compliance Execution

Fair Credit Reporting Act

The Fair Credit Reporting Act regulates the collection, dissemination, and use of consumer credit information. Canarie helps you execute FCRA compliance through automated workflows for permissible purpose verification, dispute handling, and furnisher obligations.

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Key Requirements

1
Permissible purpose verification
2
Consumer dispute investigation
3
Adverse action notice requirements
4
Accuracy and integrity of furnished information
5
Identity theft procedures
6
Prescreening requirements

The Compliance Execution Challenge

Most institutions struggle with recurring FCRA Compliance Execution requirements. Policy reviews get missed, attestations are chased manually, and evidence is scattered across systems. When examiners ask for proof, teams scramble to piece together documentation.

The Canarie Execution Layer

Canarie transforms FCRA Compliance Execution compliance from periodic scrambles into continuous execution. Recurring tasks are automated, evidence is captured as work is completed, and proof of compliance is always ready for examiners.

Automated Workflows

Recurring compliance tasks are scheduled, assigned, and tracked automatically.

Evidence Capture

Evidence is captured automatically as compliance work is completed. No manual collection.

Audit Trails

Complete audit trails show who did what, when, with immutable records.

Examiner-Ready Export

Export organized evidence packages in formats examiners expect.

Non-Compliance Risks

Actual damages or statutory damages $100-$1,000
Punitive damages for willful violations
Attorney fees and costs
CFPB civil money penalties

Frequently Asked Questions

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