Which federal law regulates the use of credit reports, requires the deletion of obsolete information, and gives you access to your 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 of 1971 is the federal law that regulates the use of credit reports, requires the deletion of obsolete information, and gives consumers access to their file. The other options mentioned in the question address other aspects of consumer credit but are not directly related to credit reporting.

Which Federal Law Regulates the Use of Credit Reports, Requires