15 USC 1681

FCRA Compliance Execution for Licensed Fintechs

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 licensed fintechs.

More for Licensed Fintechs

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

Licensed Fintechs Compliance Challenges

Managing licenses across 50+ jurisdictions
Tracking state-specific requirements
License renewal management
State examiner relationships
Scaling to new states efficiently

How Canarie Helps Licensed Fintechs

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 Licensed Fintech

See how licensed fintechs execute compliance with confidence.