FCRA / Furnishers of Info – What is “Accuracy?”

Compliance > FCRA
Q:  What is “Accuracy?”
 
A:   Within Reg. V, 1022.41, “Accuracy” means that information that a furnisher provides to a consumer reporting agency about an account or other relationship with the consumer correctly:
 
(1) Reflects the terms of and liability for the account or other relationship;
 
(2) Reflects the consumer's performance and other conduct with respect to the account or other relationship; and
 
(3) Identifies the appropriate consumer.
 

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