Which of the following correctly describes entities that have obligations under the Fair Credit Reporting Act?

The correct answer identifies three key categories of entities that are bound by obligations under the Fair Credit Reporting Act (FCRA).

Credit Reporting Agencies (CRAs) are responsible for collecting and maintaining consumer credit information, and they must comply with various requirements under the FCRA, including ensuring the accuracy of the information they report. Furnishers of information to CRAs, such as lenders or creditors that provide data about consumer accounts, are also subject to obligations under the FCRA. They need to ensure that the information they report is accurate and that they respond appropriately to disputes raised by consumers. Users of consumer reports, which include lenders or employers who rely on these reports to make decisions, have obligations regarding how they use this data, including obtaining proper consent from consumers and ensuring fair practices.

Together, these groups form a comprehensive framework under the FCRA to protect consumer rights and ensure the integrity of credit reporting in the financial system. This understanding highlights the critical role each entity plays in the context of credit reporting and the importance of adherence to the regulations set forth by the FCRA.