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

Compliance > FCRA
Q:  What is “Integrity?”
 
A:   Within Reg. V, 1022.41, “Integrity” means that information that a furnisher provides to a consumer reporting agency about an account or other relationship with the consumer:
 
(1) Is substantiated by the furnisher's records at the time it is furnished;
 
(2) Is furnished in a form and manner that is designed to minimize the likelihood that the information may be incorrectly reflected in a consumer report; and
 
(3) Includes the information in the furnisher's possession about the account or other relationship that the Bureau has:
 
(i) Determined that the absence of which would likely be materially misleading in evaluating a consumer's creditworthiness, credit standing, credit capacity, character, general reputation, personal characteristics, or mode of living; and
 
(ii) Listed in section I(b)(2)(iii) of appendix E of this part.
 
 

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