Which federal law regulates the use of credit reports,requires the deletion of obsolete information,and gives consumers access to their file?
A)Truth in Lending Act of 1969
B)Fair Credit Billing Act of 1975
C)Equal Credit Opportunity Act of 1975
D)Fair Credit Reporting Act of 1971
E)Fair Debit Collection Practices Act of 1978

Question

Quizplus · Accepted Answer

The Fair Credit Reporting Act (FCRA) of 1971 is the federal law that regulates the collection, dissemination, and use of consumer information, including credit information. It ensures the accuracy, fairness, and privacy of personal information contained in the files of consumer reporting agencies and allows consumers to access their credit report and correct any errors.

Which Federal Law Regulates the Use of Credit Reports,requires the Deletion