In the ordinary course of business, Loan2Buy Corporation offers credit to consumers and reports on the loans to credit agencies. Loan2Buy generally does not correct or update its reported information. This is most likely to result in

Question

In the ordinary course of business, Loan2Buy Corporation offers credit to consumers and reports on the loans to credit agencies. Loan2Buy generally does not correct or update its reported information. This is most likely to result in​

Quizplus · Accepted Answer

Loan2Buy Corporation's failure to correct or update reported information can lead to inaccurate credit reporting, which may harm consumers. This can result in an assessment of damages under laws like the Fair Credit Reporting Act (FCRA), which requires accurate and fair credit reporting.

In the Ordinary Course of Business, Loan2Buy Corporation Offers Credit