The Fair and Accurate Credit Transactions Act (FACT Act)attempts to address the identity theft epidemic.

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The statement is true. The FACT Act is a federal law passed in 2003 with the aim of reducing the incidences of identity theft and providing consumers with free access to their credit reports. The law has provisions such as the requirement for businesses to implement measures to protect consumer information and the right for consumers to dispute inaccurate information on their credit reports.

The Fair and Accurate Credit Transactions Act (FACT Act)attempts to Address