FCRA credit report fee cap unchanged in 2014

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Jan. 2, 2014 – The cap on fees credit reporting agencies can charge consumers for copies of their credit reports will remain at $11.50 in 2014, CFPB announced.

The ceiling, set under the Fair Credit Reporting Act, may rise proportionally with increases in the Consumer Price Index for all urban consumers (rounded to the nearest 50 cents), but in 2014 the maximum allowable charge remains at $11.50.

Consumers can request a free report once every 12 months; fees for subsequent reports are capped as noted above.

The fee cap was revised in a final rule published in Monday's Federal Register. The rule took effect Jan. 1.

Related Links:
CFPB announcement
Federal Register notice