15 USC 1681

FCRA Compliance Execution for Fintech

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. Specifically tailored for the compliance requirements of fintech.

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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

Fintech Compliance Challenges

Building compliance programs from scratch
Meeting sponsor bank requirements
Preparing for potential direct regulation
Scaling compliance with rapid growth
Managing multi-state licensing

How Canarie Helps Fintech

Automated Workflows

Recurring FCRA Compliance Execution tasks are scheduled, assigned, and tracked automatically.

Evidence Capture

Evidence is captured automatically as compliance work is completed.

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

Automate FCRA Compliance Execution for Your Fintech

See how fintech execute compliance with confidence.