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Reporting company used your report improperly. CFPB, 15 U.S. Code 1681- Congressional findings and statement of purpose ( 2 ) An elaborate mechanism has been developed for investigating and evaluating the credit worthiness, credit standing, credit capacity, character, and general reputation of consumers. ( 3 ) Consumer reporting agencies have assumed a vital role in assembling and evaluating consumer credit and other information on consumers. ( 4 ) There is a need to insure that consumer reporting agencies exercise their grave responsibilities with fairness, impartiality, and a respect for the consumers.FCRA Impermissible Use Meaning Much of the information in a consumers credit report is sensitive. It should be protected to avoid identity theft and potential embarrassment if the con