Under the FCRA, who are defined as "consumers"?

The correct choice identifies "consumers" under the Fair Credit Reporting Act (FCRA) as primarily consisting of individuals. The FCRA is designed to focus on individual consumers in relation to credit reporting and protects their personal and financial information. It aims to ensure accuracy, confidentiality, and proper handling of consumer reports by credit reporting agencies and those who access these reports.

While individuals are definitively included as consumers, the FCRA does not extend its consumer protections and definitions to partnerships and corporate entities. Therefore, the broad scope of "consumers" in this context is limited to individuals who use or seek to use credit, insurance, or other services related to personal financial transactions. This focus on individual consumers reinforces the law's intent to safeguard personal information in credit reporting, which is vital for fostering trust in the financial system.