What entity enforces the Fair Credit Reporting Act?

The Fair Credit Reporting Act (FCRA) is enforced by the Federal Trade Commission (FTC). The FTC's role in this context involves overseeing compliance with the FCRA, ensuring that credit reporting agencies conduct their activities in a manner that is fair and accurate, and protecting consumers' rights regarding their credit information. The FCRA was established to promote the accuracy and privacy of information in the files of consumer reporting agencies. The FTC has the authority to investigate and take action against companies that violate the provisions laid out in the FCRA.

The other entities mentioned in the options do not specifically enforce the FCRA. For example, the FHA (Federal Housing Administration) is focused on providing mortgage insurance on loans made by approved lenders to borrowers with low to moderate incomes. The ECOA (Equal Credit Opportunity Act) addresses issues related to discrimination in lending practices, while the NAR (National Association of Realtors) is a trade organization that does not have enforcement authority over consumer credit reporting laws. Thus, the correct enforcement of the FCRA is the responsibility of the Federal Trade Commission.