The Fair Credit Reporting Act (FCRA) is a federal law which regulates the activities of credit reporting bureaus. The FCRA is designed to protect the privacy of credit report information and to guarantee that information supplied by consumer reporting agencies (CRAs) is as accurate as possible. Private credit reporting bureaus, such as TransUnion, Equifax Information Services, and Experian, maintain records of financial payment histories, public record data, along with personal identification information. The FCRA punishes unauthorized persons who obtain credit reports, as well as employees of credit reporting bureaus who furnish credit reports to unauthorized persons. The FTC also places responsibilities on those who supply the reporting bureaus with the initial information.