Under the FCRA, what must be included in an adverse action notice?

Under the Fair Credit Reporting Act (FCRA), when an adverse action notice is sent to a consumer, it must include information on how to dispute the report. This requirement is crucial because it ensures that consumers are aware of their rights to challenge any inaccuracies they believe may exist within their credit reports. The FCRA recognizes the importance of allowing individuals the opportunity to correct or address any issues that may have affected their creditworthiness, hence the inclusion of dispute information in adverse action notices.

Incorporating this information not only helps maintain transparency in the lending process but also empowers consumers to take action regarding their credit reports. This requirement aligns with the overall aim of the FCRA to promote accuracy and fairness in consumer credit reporting.

Other options do not fulfill the specific requirements laid out by the FCRA. While understanding the credit report process or knowing internal lender policies may be beneficial, they do not directly relate to the essential rights provided to consumers in the context of adverse actions. Providing just the credit score does not suffice, as it does not inform consumers about their rights or what steps they can take if they find discrepancies in their reports.