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A fraud alert on a consumer’s credit file signals that a business should take additional steps to verify the person’s identity before extending credit. Under the Fair Credit Reporting Act (FCRA), businesses that receive a fraud alert generally must follow applicable verification requirements before opening or extending credit. These alerts help protect consumers from identity theft and fraudulent accounts.Want real talk on data privacy law? Like, share, and follow @TheDataPrivacyLawyer for updat
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A fraud alert on a consumer’s credit file signals that a business should take additional steps to verify the person’s identity before extending credit. Under the Fair Credit Reporting Act (FCRA), businesses that receive a fraud alert generally must follow applicable verification requirements before opening or extending credit. These alerts help protect consumers from identity theft and fraudulent accounts.Want real talk on data privacy law? Like, share, and follow @TheDataPrivacyLawyer for updat
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