The ________ and Equal Credit Opportunity Act state that consumers who are denied loans must receive a notice of "adverse action" from the business explaining the decision.
A)PATRIOT Act
B)Class Action Fairness Act
C)Fair Credit Reporting Act
D)Sarbanes-Oxley Act

Question

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The Fair Credit Reporting Act and Equal Credit Opportunity Act both require businesses to provide consumers with a notice of "adverse action" if they are denied credit. The PATRIOT Act deals with anti-terrorism efforts, the Class Action Fairness Act deals with class action lawsuits, and the Sarbanes-Oxley Act deals with corporate accounting and governance.

The ________ and Equal Credit Opportunity Act State That Consumers