Under the Fair and Accurate Credit Transactions Act (FACTA),
A)a creditor may not discriminate against a borrower on the basis of race,sex,religion,or age.
B)a debt collector may not harass or abuse debtors.
C)a credit card company must promptly investigate and respond to any consumer complaints about a credit card bill.
D)a consumer has the right to obtain one free credit report every year from each of the three major reporting agencies.

Question

Quizplus · Accepted Answer

The Fair and Accurate Credit Transactions Act (FACTA) provides consumers with the right to obtain one free credit report every year from each of the three major credit reporting agencies (Experian, Equifax, and TransUnion). This helps individuals monitor their credit history and ensure that there are no errors or fraudulent activities on their credit report. Option A is covered under the Equal Credit Opportunity Act, Option B is covered under the Fair Debt Collection Practices Act, and Option C is covered under the Truth in Lending Act.