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Fair Credit Reporting Act (FCRA)

A federal law that governs how consumer credit information is collected, accessed, and used, protecting consumer privacy and ensuring the accuracy of credit reports.

Credit monitoring

A service that tracks changes in a person's credit report and alerts them to suspicious activity, helping to detect identity theft or fraud.

Active duty military consumer

Under previous law, a person actively serving full-time in the U.S. Armed Forces who qualified for specific credit protections.

Armed forces member consumer

Under this bill, any individual who is a member of the U.S. Armed Forces, regardless of their current duty status, now eligible for certain credit protections.

Duty status

Refers to whether a service member is on active duty (full-time military service), in the reserves, or retired, indicating their current role or status within the armed forces.