Section 601 – The popular name of the law is the “Fair Credit Reporting Act” or the FCRA for short
Section 602 – Why Congress found a need for the law, i.e. a credit reporting system that is fair and accurate to the consumer, and protects the privacy and specifies the permitted uses of consumer information
Section 603 – Important definitions of key terms used in the Act. For example, a person is defined as an individual or an organization, but a consumer is defined only as a natural person. The law also defines what is a consumer report, a consumer reporting agency, consumer reports for employment purposes, and adverse actions
Section 604 – This section is about the situations in which consumer reporting agencies may provide a consumer report. These situations are also called the “Permissible Purposes” to obtain a report. The section also lists some purposes where a consumer report may not obtain a report, e.g. marketing, curiosity, law enforcement
