FCRA §623
FCRA §623 sets the duties of furnishers (creditors) to report accurate information and respond to consumer disputes.
FCRA §623, 15 U.S.C. §1681s-2, governs the duties of furnishers — the creditors, lenders, and collectors who report data to credit bureaus. The section requires furnishers to: report accurate and complete information (§623(a)(1)), correct inaccuracies after consumer dispute (§623(a)(2)), and report the date of first delinquency correctly (§623(a)(5)).
§623(a)(8) gives consumers the right to file direct disputes with furnishers — a different mechanism from bureau disputes. The furnisher must investigate within 30 days and report results to the bureaus. Direct disputes are particularly powerful for round-2 escalation because they force the furnisher to investigate their own records, not just confirm what they previously reported.
Also called
Related terms
The Fair Credit Reporting Act, 15 U.S.C. §1681 — federal law governing how credit reporting works.
A dispute filed directly with the furnisher (creditor) rather than through a credit bureau.
A follow-up dispute filed after a round-1 dispute returns 'verified as accurate' — usually MOV + direct furnisher.
Any entity that reports consumer credit data to credit bureaus — banks, lenders, collectors, etc.
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