After a dispute is resolved, who is responsible for informing the consumer of the outcome?

The correct answer highlights the responsibility of the Consumer Reporting Agency (CRA) in informing the consumer about the outcome of a dispute. Once a consumer disputes information in their credit report, the CRA investigates the claim. Following this investigation, it is the duty of the CRA to provide the consumer with a result of the dispute process. This communication serves to keep the consumer informed about the status of the information in their credit report.

The importance of this obligation is rooted in the Fair Credit Reporting Act (FCRA), which seeks to promote transparency and accuracy in consumer reporting. By ensuring consumers are notified of dispute outcomes, the FCRA helps individuals understand their credit reports and correct any inaccuracies, ultimately protecting their rights and financial well-being.

The remaining options do not accurately reflect the requirements set forth by the FCRA regarding notification processes. The furnisher's role is to report accurate information but does not include directly informing the consumer about the outcome of a dispute. While consumers are encouraged to monitor their own reports, they cannot be solely responsible for tracking resolution outcomes after a dispute; that duty lies with the CRA. Lastly, stating that there is no obligation for notification contradicts the established consumer rights intended by the FCRA.