FCRA (Fair Credit Reporting Act)

The Fair Credit Reporting Act protects consumers from inaccurate information that may be found within credit reports.

Related Terms

  • ACH Debit

    An ACH debit occurs when the receiver’s account is debited.

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  • ACK (ACH Payment Acknowledgement)

    An ACK entry is an acknowledgement by the receiving depository financial institution (RDFI) confirming the receipt of a corporate credit or debit (CCD) credit entry.

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