---
title: "15 U.S.C. 1681 FCRA: Congressional findings and statement of purpose"
canonical: "https://dposchool.com/fcra/section/1681"
source: "https://uscode.house.gov/us/usc/119-136/t15/s1681/"
source_note: "Source: United States Code, title 15, published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov), release point 119-136. The editorial and statutory notes are not reproduced."
text_as_of: "2026-10-22"
language: "en"
publisher: "DPO School"
---

15 U.S.C. 1681 FCRA · Chapter 41: CONSUMER CREDIT PROTECTION

# 15 U.S.C. 1681 FCRA: Congressional findings and statement of purpose

United States Code, current through Public Law 119-136 (October 22, 2026). Retrieved 30 October 2026.

## Official text

### 15 U.S.C. 1681(a)

**(a)** Accuracy and fairness of credit reporting

The Congress makes the following findings:

#### 15 U.S.C. 1681(a)(1)

**(1)** The banking system is dependent upon fair and accurate credit reporting. Inaccurate credit reports directly impair the efficiency of the banking system, and unfair credit reporting methods undermine the public confidence which is essential to the continued functioning of the banking system.

#### 15 U.S.C. 1681(a)(2)

**(2)** An elaborate mechanism has been developed for investigating and evaluating the credit worthiness, credit standing, credit capacity, character, and general reputation of consumers.

#### 15 U.S.C. 1681(a)(3)

**(3)** Consumer reporting agencies have assumed a vital role in assembling and evaluating consumer credit and other information on consumers.

#### 15 U.S.C. 1681(a)(4)

**(4)** There is a need to insure that consumer reporting agencies exercise their grave responsibilities with fairness, impartiality, and a respect for the consumer’s right to privacy.

### 15 U.S.C. 1681(b)

**(b)** Reasonable procedures

It is the purpose of this subchapter to require that consumer reporting agencies adopt reasonable procedures for meeting the needs of commerce for consumer credit, personnel, insurance, and other information in a manner which is fair and equitable to the consumer, with regard to the confidentiality, accuracy, relevancy, and proper utilization of such information in accordance with the requirements of this subchapter.

## Source

Source: United States Code, title 15, published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov), release point 119-136. The editorial and statutory notes are not reproduced.

Source credit: ( Pub. L. 90-321, title VI, § 602 , as added Pub. L. 91-508, title VI, § 601 , Oct. 26, 1970 , 84 Stat. 1128 .)

[15 U.S.C. 1681 on the Office of the Law Revision Counsel](https://uscode.house.gov/us/usc/119-136/t15/s1681/)

United States Code, current through Public Law 119-136 (October 22, 2026). Retrieved 30 October 2026.

This is reference material, not legal advice.

## Navigation

[FCRA Navigator](https://dposchool.com/fcra) / 15 U.S.C. 1681

Next: [15 U.S.C. 1681a FCRA: Definitions; rules of construction](https://dposchool.com/fcra/section/1681a)

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