What is the Fair Credit Reporting Act (FCRA) also known as?

The Fair Credit Reporting Act (FCRA) is indeed also known as Regulation V. This act is primarily focused on ensuring the accuracy, fairness, and privacy of consumer information contained in the files of consumer reporting agencies. Regulation V provides consumers with certain rights, such as the right to access their credit reports and the right to dispute inaccuracies.

Understanding that the FCRA is designated as Regulation V helps clarify its place within the larger framework of federal regulations regarding consumer credit and reporting. Other regulations mentioned, such as Regulation Z and Regulation X, focus on different aspects of mortgage lending and credit practices, such as Truth in Lending and RESPA disclosures, respectively, highlighting the specific focus and purpose of each regulation within the financial industry.