Fair and Accurate Credit Transaction Act of 2003(redirected from Fair and Accurate Credit Transaction Act)
Fair and Accurate Credit Transaction Act of 2003
Legislation in the United States requiring the three major credit reporting agencies to disclose an individual's credit reports to that individual once per year for free. One may request a free report through a website or telephone number managed by the three agencies, Experian, Equifax, and TransUnion, in cooperation with the Federal Trade Commission. The Act contains provisions making identity theft more difficult. See also: Fair Credit Reporting Act.