Filter Results CategoriesCart
Highlight Updates The Credit CARD Act Amendments to the FCRA

In 2009, Congress enacted the Credit Card Accountability, Responsibility and Disclosure Act.328 As part of these reforms of the credit card industry, Congress added two provisions to the FCRA.

The first amendment addressed deceptive practices in the marketing of credit reports by CRAs.329 This provision requires that any advertisement for a “free” credit report must display a notice that free credit reports are available pursuant to federal law at

The second provision restricted the use of prescreened credit reports to make “firm offers of credit”331 to young consumers. This provision prohibits CRAs from furnishing prescreened reports on consumers younger than twenty-one years of age.332


  • 328 {323} Pub. L. No. 111-24 (2009).

  • 329 {324} See §, infra (discussing CRA marketing of “free credit reports” that automatically convert into paid credit monitoring services).

  • 330 {325} 15 U.S.C. § 1681j(g), as added by Pub. L. No. 111-24, § 205 (2009). See also 12 C.F.R. § 1022.138. See generally §, infra.

  • 331 {326} See § 7.3.3, infra (discussing prescreened credit reports).

  • 332 {327} 15 U.S.C. § 1681b(c)(1)(B)(iv), added by Pub. L. No. 111-24, § 302 (2009). See §, infra.